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 most acceptable means of payment in foreign transaction is
personal cheques
central bank cheques
irrevocable letters of credit
bankdrafts
Correct answer is C
No explanation has been provided for this answer.
Which of the following is regarded as a document of title in foreign trade?
consular invoice
bill of lading
bill of sight
certificate of origin
Correct answer is D
No explanation has been provided for this answer.
Manufacturers sell directly to consumers when they
want to make profit
wish to eliminate all transport costs
live far away from them
deal in perishable goods
Correct answer is A
No explanation has been provided for this answer.
Which of the following distinguishes supermarkets from other retail outlets
use of self-service
standard shop fronts
sale of food items and household goods
provision of parking spaces and delivery services
Correct answer is B
No explanation has been provided for this answer.
Which of the following makes sales possible without a sales attendant ?
telex machine
fax machine
vending machine
franking machine
Correct answer is C
No explanation has been provided for this answer.