Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1,021.

The charges imposed by the government on locally manufactured goods is called

A.

customs duties

B.

excise duties

C.

tariffs

D.

quota

Correct answer is B

No explanation has been provided for this answer.

1,022.

The process of making goods attractive and easy to handle is

A.

branding

B.

merchandising

C.

packaging

D.

labelling

Correct answer is C

No explanation has been provided for this answer.

1,023.

Farmers and all other workers concerned with getting raw materials from the earth are engaged in

A.

commercial occupation

B.

manufacturing occupation

C.

constructive occupation

D.

extractive occupation

Correct answer is D

No explanation has been provided for this answer.

1,025.

Production is defined as

A.

an industrial activity

B.

creation of utilities

C.

the exchange of goods and services

D.

changing of raw materials into finished goods

Correct answer is B

No explanation has been provided for this answer.