Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1,326.

When an acceptance to an offer is conditional, the offer becomes

A.

accepted

B.

a counter offer

C.

valid

D.

void

E.

frustrated

Correct answer is D

No explanation has been provided for this answer.

1,327.

Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
Ola is the

A.

offeror

B.

offeree

C.

acceptor

D.

guarantor

E.

surety

Correct answer is A

No explanation has been provided for this answer.

1,328.

Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
The #8,000 for the sale is

A.

an offer

B.

an acceptance

C.

a consideration

D.

a warranty

E.

a security

Correct answer is C

No explanation has been provided for this answer.

1,329.

When a firm sets a low price for new product, this is said to be

A.

market swimming

B.

competitive pricing

C.

penetration pricing

D.

loss leader pricing

E.

target pricing

Correct answer is C

No explanation has been provided for this answer.

1,330.

Which of the following s a form of public relations?

A.

Feature articles

B.

Window display

C.

Catalogue

D.

Transportation and delivery services

E.

Personal selling

Correct answer is A

No explanation has been provided for this answer.