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.

1,871.

An association businessmen including manufacturers, traders, bankers and people engaged in business in an area is known as?

A.

trade associate

B.

chamber of commerce

C.

trade union

D.

cooperative society

Correct answer is B

No explanation has been provided for this answer.

1,872.

The turnover of a company will improve if the company increases?

A.

Advertising

B.

prices of goods

C.

production

D.

warehousing facilities

Correct answer is C

No explanation has been provided for this answer.

1,873.

The term "21/4%40 days"refers to?

A.

mark-up

B.

trade discount

C.

cash discount

D.

value added tax

Correct answer is B

No explanation has been provided for this answer.

1,874.

Which of the following is a function of a warehouse?

A.

Stabilizing prices

B.

Increasing competition

C.

Stimulating demand

D.

Controlling quality

Correct answer is A

No explanation has been provided for this answer.

1,875.

Which of the following is not feature of a department store?

A.

Located at the centre of the city

B.

Bulk buying

C.

Attractive layout

D.

Seling one line of goods

Correct answer is D

No explanation has been provided for this answer.