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.
extractive
manufacturing
constructive
processing
Correct answer is B
Deals with the transformation of raw materials into finished goods.
The business unit that applies the principle of one man, one vote is ______
sole proprietorship
partnership
public company
co-operative society
Correct answer is D
It applies the principle of democracy, whereby each member has one vote irrespective of the amount of money contributed
Which of the following is an item in the marketing mix?
Demand
promotion
market
consumer
Correct answer is B
Marketing can be defined as the controlling of variables that a firm makes use of in its policies in order to influence the buyer's choice and boost sales. The 4ps are Product, Price, Place and Promotion.
This is aimed at bringing the existed goods or products to the knowledge of those it is meant for. It is aimed at stipulating demand and increasing sales.
The scope of commerce is limited to ________
wholesale and entrepot trade
trade and aids-to-trade
wholesale and retail trade
home and foreign trade
Correct answer is B
No explanation has been provided for this answer.
A system where customer patronage is sought by producing what they need is referred to as _______?
sales promotion
market promotion
product promotion
market orientation
Correct answer is D
Focuses on delivering products designed according to customer desires, needs and requirements.