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 services rendered by Nigerian Airways to foreign companies are part of Nigeria's
visible exports
visible imports
invisible exports
invisible imports
entreport trade
Correct answer is C
No explanation has been provided for this answer.
Who among the following comes first in the channel of distribution?
Consumer
Retailer
Consignor
Manufacturer
Wholesaler
Correct answer is D
No explanation has been provided for this answer.
Who among the following is not an agent?
Broker
Factor
Jobber
Manufacturer's representative
Aunctioneer
Correct answer is D
No explanation has been provided for this answer.
Division of labour often results in
a decrease in production
an increase in production
waste of time
uneconomic use of tools
greater craftsmanship
Correct answer is B
No explanation has been provided for this answer.
The rebate given to the retailer by the wholesaler to enable him make profit is known as
commission
mark-up
trade discount
cash discount
credit guarantee
Correct answer is C
No explanation has been provided for this answer.