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.
offers a wide variety goods
specialize in selling only household goods
offer a few line of goods
sell on cash on delivery basis
Correct answer is A
No explanation has been provided for this answer.
In international trade the direct exchange of goods for goods is?
bilateral trade
counter trade
multi lateral trade
entrepot trade
Correct answer is B
No explanation has been provided for this answer.
Which of the following requires acceptance before it can be valid?
Promissory note
Bill of exchange
Letter of credit
Cheque
Correct answer is B
No explanation has been provided for this answer.
A retail outlet meant to sell only a particular manufacturer's product known as a?
co-operative shop
chain store
department store
tied shop
Correct answer is B
No explanation has been provided for this answer.
Which of the following requires acceptances before it can be valid?
Promissory note
Bill of exchange
Letter of credit
Cheque
Correct answer is B
No explanation has been provided for this answer.