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.
Trade as a division of commerce is usually classified into
retail and whole sale
import and export
home and foreign
visible and invisible
Correct answer is C
Trade is divided into;
- Home or domestic trade
- Foreign or international trade
Using symbols, letters, name or combination of these by a company to distinguish its products is
product cycle
marketing mix
trade mark
market segmentation
Correct answer is C
Trade mark is a symbol, word, or words legally registered or established by use as representing a company or product.
Which of the following is not a function of Ports Authority?
Providing facilities for loading and off-loading of vessels
Collection of dock dues
Providing enough ships for the country
Dredging of harbours
Correct answer is C
Option C is not a function of ports authority. Ships can be owned by anyone
A voluntary association of business executives within a locality is known as
Trade Union
Consumers' Association
Chamber of Commerce
Trade Association
Correct answer is C
Chamber of commerce; a local association to promote and protect the interests of the business community in a particular place.
Manufacturers Association
Trade Union
Employers AssociationConsumers Association
Consumers Association
Correct answer is A
Manufacturers Association of Nigeria also known as MAN is a trade group headquartered in Lagos. The group act as a platform that manufacturers use to influence economic, industrial, labour and social policy within Nigeria. They encouraging a high quality of members' products through the research