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 production of good in anticipation of demand is possible because of the existence of?
packaging
advertising
warehousing
branding
Correct answer is C
No explanation has been provided for this answer.
A merchant who wishes to order goods from a foreign country sends?
an invoice
an indent
an advice note
a credit note
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not a function of a retailer?
Supplying goods to final consumers
Bulk breaking
Giving information to the wholesaler
Branding and packaging of goods
Correct answer is D
No explanation has been provided for this answer.
favourable balance of payments
favourable balance of trade
unfavourable balance of trade
unfavourable balance of payment
Correct answer is B
No explanation has been provided for this answer.
A refund of the duty collected on goods imported and processed for re-export is?
excise duty
excise draw back
preferential duty
value added tax
Correct answer is B
No explanation has been provided for this answer.