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 ancillary to trade which ensures that people gain access to facts pertaining to goods is
insurance
advertising
warehousing
banking
Correct answer is B
No explanation has been provided for this answer.
Pounds and shillings
Copper manillas
Iron bars
Cowries
Correct answer is C
No explanation has been provided for this answer.
A practice where producers of the same product come together to advertise is known as
mass advertising
institutional advertising
direct advertising
persuasive advertising
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a feature of a sole trader
quick decision making
Guaranteed profits
Unlimited liability
Bearing losses alone
Correct answer is B
No explanation has been provided for this answer.
The difference between the cost of goods sold and the sales value is known as
net profit
net loss
gross profit or loss
surplus
Correct answer is C
No explanation has been provided for this answer.