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.
Which of the following is not a feature of hire purchase?
Customer pays initial deposit
Customer pays purchase price plus interest
Payment is by instalment
Ownership of goods passes to the customer on payment of a deposit
Generally suitable for sales of durable goods
Correct answer is D
No explanation has been provided for this answer.
Rate of stock turnover is calculated to determine
total volume of sales
number of times goods are bought and sold
number of times goods are counted
total value of goods in the store
the quality of goods sold
Correct answer is B
No explanation has been provided for this answer.
Which of the following is a pre-sales service to the consumer?
Installement of the product
Provision of credit facilities
Maintenance of product for a period of time
Transportation and delivery services
Acceptance of damaged goods
Correct answer is B
No explanation has been provided for this answer.
An agreement to deliver goods in the future after payment of the final installment is known as?
credit sales
hire purchase
conditional sale
trade-in-sale
leasing
Correct answer is C
No explanation has been provided for this answer.
Another name for a foreign order is
consular invoice
dock warrant
standing order
indent
Pro forma invoice
Correct answer is D
No explanation has been provided for this answer.