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 products that are regularly and easily bought by customers through habit are called?
industrial goods
capital goods
specialty goods
giffen goods
convenience goods
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not performed by marketing?
Provision of revenue
Provision of employment
Export promotion
Enlargement of the market
Changing the nature of marketable goods
Correct answer is A
No explanation has been provided for this answer.
Capital owned is synonymous with the
paid-up capital
working capital
net worth
authorized capital
liquid capital
Correct answer is C
No explanation has been provided for this answer.
Business activities that direct the flow of goods and services from the producer to the consumer is
promotion
advertising
selling
marketing
transportation
Correct answer is D
No explanation has been provided for this answer.
utmost good faith
indemnity
subrogation
contribution
insurable interest
Correct answer is B
No explanation has been provided for this answer.