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.
Consumer behaviour
Consumerism
Consumer education
Consumer orientation
Correct answer is B
Consumerism is a modern movement for the protection of the consumer against useless, inferior, or dangerous products, misleading advertising, unfair prices etc
desirable to customers
company oriented
beautifully packaged
profit oriented
Correct answer is A
No explanation has been provided for this answer.
misrepresentation
legal capacity
consensus ad idem
consideration
Correct answer is A
A misrepresentation is a false statement of fact made by one party which affects the other party's decision in agreeing to a contract.
Which of the following is not a member of the Lake Chad Basin Commission
Nigeria
Chad
Gabon
Cameroun
Correct answer is C
The Lake Chad Basin Commission (LCBC) was established on 22nd of May 1964 by the four countries that border Lake Chad: Cameroon, Niger, Nigeria and Chad.
The development of commerce was encouraged by the desire to
get goods and services of others
work with others
create wealth for the nation
satisfy all wants and needs
Correct answer is D
The satisfaction of economic and human needs is the bedrock of commerce