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.
rate at which the central bank discounts first class bills
rate at which a country's exports exchange for its imports
expected rate of returns on an investment
rate of payment for goods and services purchased
Correct answer is B
No explanation has been provided for this answer.
Which of the following is a feature peculiar to multiple shops?
Central location
Self service
Central buying
One stop shopping
Correct answer is B
No explanation has been provided for this answer.
A manufacturer of goods that are seasonally will be in dire need of a?
wealthy customer
suitable means of transport
warehouse
large shop frontage
Correct answer is C
No explanation has been provided for this answer.
Which of the following will not be considered in choosing a channel of distribution?
Nature of product
Preferences of consumers
Volume of sales
Quality of product
Correct answer is D
The quality of the product being sold is not a factor to consider when choosing to either sell directly to consumers or to go through middlemen.
Some of the factors to consider include
Who among the following cannot be regarded as an itinerant trader?
Gypsy
Barrow toy
Pediar
Stall owner
Correct answer is A
No explanation has been provided for this answer.