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.

1,731.

A void contract is one that?

A.

is enforceable

B.

has no maturity

C.

has no legal effect

D.

is discharged

Correct answer is C

No explanation has been provided for this answer.

1,732.

Market skimming is an example of?

A.

is enforceable

B.

has no maturity

C.

has no legal effect

D.

is discharged

Correct answer is A

No explanation has been provided for this answer.

1,733.

Activities undertaken to create awareness for a product by giving out samples premium or conducting contest are known a?

A.

marketing mix

B.

marketing concept

C.

consumerism

D.

sales promotion

Correct answer is D

No explanation has been provided for this answer.

1,734.

It is often said that "the consumer is always right" This describes the doctrine of?

A.

consumer movement

B.

consumer sovereignty

C.

caveat emptor

D.

consensus ad idem

Correct answer is B

No explanation has been provided for this answer.

1,735.

When all producers in an industry combine to advertise their product instead of each firm advertising its own brand, this is referred as?

A.

mass advertising

B.

competitive advertising

C.

persuasive advertising

D.

direct advertising

Correct answer is A

No explanation has been provided for this answer.