Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
A person who sells goods belonging to another person in his own name and receives commission is a?
wholesaler
retailer
sole trader
factor
merchant
Correct answer is D
No explanation has been provided for this answer.
The concept that consumers decided what goods and services shall be known as consumer?
protection
surplus
sovernignty
behaviour
co-operative
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not an elements of the marketing mix?
Product
Pricing
Promotion
Purchases
Place
Correct answer is D
No explanation has been provided for this answer.
marketing
merchandising
transportation
production
marketing mix
Correct answer is A
No explanation has been provided for this answer.
Which of the following is a form of sales promotion?
Advertising through radio
Advertising by television
Distributing printed sales literature
Offering free samples to customers
Advertising by posters
Correct answer is D
No explanation has been provided for this answer.