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.

1,866.

The law by which the seller transfers the property in goods to the buyer at an agreed price is the?

A.

Hire purchase Act

B.

Trade Description Act

C.

Foods and Drugs Act

D.

Sale of Good Act

Correct answer is A

No explanation has been provided for this answer.

1,867.

A speculator on the stock exchange market who sells securities for the fear of a fall in their prices is called?

A.

a bull

B.

a bear

C.

a stag

D.

an underwriter

Correct answer is B

No explanation has been provided for this answer.

1,868.

The exchange of goods for goods in foreign trade is known as?

A.

visible trade

B.

smuggling

C.

counter trade

D.

entrepot trade

Correct answer is C

No explanation has been provided for this answer.

1,869.

The greatest advantage of air transport over all other means of transport is it's?

A.

comfort

B.

safety

C.

speed

D.

flexibility

Correct answer is C

No explanation has been provided for this answer.

1,870.

Product pricing, distribution and promotions are elements of?

A.

marketing mix

B.

marketing research

C.

sales promotion

D.

product orientation

Correct answer is A

No explanation has been provided for this answer.