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 number of times the average stock of a business is sold within a given period is?
turnover
rate of turnover
sales return
current ratio
Correct answer is B
No explanation has been provided for this answer.
The mark-up of a retailer represents the?
gross profit
opening stock
closing stock
net profit
Correct answer is A
No explanation has been provided for this answer.
Which of the following classified under production?
Cloth making
Shoe mining
Coal mining
Road construction
Correct answer is B
No explanation has been provided for this answer.
hose who are engaged in exploiting natural resources are in?
extractive occupation
constructive occupation
commercial occupation
manufacturing occupation
Correct answer is A
No explanation has been provided for this answer.
Which of the following best describes commerce?
Buying and selling goods and services
Buying, selling and distribution and services
Preserving goods until they are needed
Making goods and services known to people
Correct answer is B
No explanation has been provided for this answer.