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.

1,406.

The main reason for advertising an already existing line of products is to

A.

develop customers' awareness

B.

entertain customers

C.

introduce a price deal

D.

build brand recognition

E.

retain old customers

Correct answer is D

No explanation has been provided for this answer.

1,407.

Which of the following is a function of advertising?

A.

Stimulation of demand

B.

Leads to market segmentation

C.

Maintenance of quality

D.

Determining selling price

E.

Provision of market information

Correct answer is A

No explanation has been provided for this answer.

1,408.

Which of the following mostly serves as a useful promotional device for consumer goods?

A.

Trade mark

B.

Labelling

C.

Standardization

D.

Grading

E.

Packaging

Correct answer is E

No explanation has been provided for this answer.

1,409.

Which of the following monitors people's opinion about a firm and takes measures to correct adverse impressions?

A.

Public Relations

B.

Advertising

C.

Sales Promotion

D.

Exhibitions

E.

Trade Fairs

Correct answer is A

No explanation has been provided for this answer.

1,410.

The intangible benefits arising from the business connections and reputation of a firm is called

A.

interest

B.

goodwill

C.

commission

D.

bonus

E.

dividend

Correct answer is B

No explanation has been provided for this answer.