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.
Public corporation
Partnership
Limited company
Co-operative society
Correct answer is D
Equal Voting Rights; A cooperative society is based on the principle of “one man one vote”. A member has only one vote irrespective of the number of shares hld or capital contribution.
The practice whereby customers purchase goods without being attended to by shop assistants is
presales service
after sales service
self service
impulse buying
Correct answer is C
self service is the system whereby customers select goods for themselves and pay at a checkout.
The document of title to goods being shipped abroad is known as
consignment note
ships manifest
bill of entry
bill of lading
Correct answer is D
A bill of lading a document issued by a carrier that lists goods being shipped and specifies the terms of their transport. Note: A bill of lading serves as a receipt for the goods, a contract for the transport of the goods, and a document of title showing that the person in possession of the bill has title to the goods.
Which of the following is an advertising function?
Packaging
Persuading
Grading
Segmenting
Correct answer is B
Advertising promotes the sale of goods and services by informing and persuading the people to buy them. A good advertising campaign helps in winning customers and generating revenues.
Which of the following is a more suitable medium for advertising a new tractor?
Radio
Poster
Neon sign
Trade fair
Correct answer is D
Trade fair; is an exhibition at which businesses in a particular industry promote their products and services.