Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
The document that gives an importer freehand to obtain goods form any manufacturer is
A closed indent
A consular invoice
A freight note
An open indent
Correct answer is D
Indent is a document which allows the importer to order goods from the exporter through his agent. An open indent gives the agent a free hand in obtaining the goods from any source.
Product concept
Marketing concept
Distribution concept
Price concept
Correct answer is B
The marketing concept is the belief that companies must assess the needs of their consumers first and foremost. Based on those needs, companies can make decisions in order to satisfy their consumers' needs, better than their competition.
Communication enhances business activities by
facilitating interaction between producers
Facilitating interaction among media houses
ensuring the movement of good forms the producer to the consumer
keeping the goods safe until they and needed
Correct answer is A
Business Communication helps the business people to take proper decision by supplying right information to the right people at the right time. Through communication the producer interacts with the consumer through advertising. And the consumers react by patronizing the advertized goods.
Guaranties
Warranties
Sureties
Consideration
Correct answer is B
Conditions and warranties is any stipulation which is not of such importance as to go to the root of the contract. The breach of warranties gives the other party a right to claim for damage but not to reject the contract.
The internet is a system of telecommunication used for
Sending electronic message
Communicating messages through telegrams
Communicating long-distance
Sending and renewing text message
Correct answer is A
The devices involved in the internet are electronic devices, the internet is used for sending electronic message.