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.
A hire purchase transaction becomes a sale when when the
hirer accepts the hire purchase terms
finance company agrees to pay
hirer takes possession of goods
hirer pays full cost of the goods
Correct answer is D
No explanation has been provided for this answer.
Bonded warehouses are controlled by
Export Promotion Council
Ports Authority
Customs and Excise Authority
Clearing and Forwarding agents
Correct answer is C
No explanation has been provided for this answer.
Which of the following implies that the price quoted includes the cost of insurance and carriage?
F.O.B
F.A.S
C.O.D
C.I.F
Correct answer is D
No explanation has been provided for this answer.
Which of the following is the most suitable channel of distribution for technical goods?
manufacturer-retailer-consumer
manufacturer-wholesaler-retailer-consumer
manufacturer-wholesaler-consumer
manufacturer-consumer
Correct answer is D
No explanation has been provided for this answer.
Which of the following can be sold through a vending machine?
cigarettes
shirts
handbags
shoes
Correct answer is A
No explanation has been provided for this answer.