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.
i, ii and v only
ii, iii and v only
iii, iv and v only
i, ii and iv only
ii, iii and iv only
Correct answer is B
No explanation has been provided for this answer.
Nature of the product
Identification of potential customers
Operating costs
Existing local channel of distribution
Provision of credit facilities to customers
Correct answer is E
No explanation has been provided for this answer.
When goods are sent through an independent carrier, the document used by the sender is
a delivery note
an advice note
an invoice
a consignment note
a reciept
Correct answer is D
No explanation has been provided for this answer.
offerer
offeree
buyer
guarantor
auctioner
Correct answer is A
No explanation has been provided for this answer.
A firm that accepts a portion of the risk involved in an insurance contract is
a broker
an actuary
a speculator
an underwriter
an assessor
Correct answer is D
No explanation has been provided for this answer.