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.