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.
Which of the following statements is true of the manufacturing industry?
The factors of production cannot move to other occupations
It is involved in changing raw materials to finished goods
Its product cannot be distributed to consumers
It doesn't not benefit from the services of direct labour
The workers are unskilled
Correct answer is B
No explanation has been provided for this answer.
Department stores are usually located?
where low income earners live
In suburban towns
at city centres
in low rental areas
In areas free from traffic jam
Correct answer is C
No explanation has been provided for this answer.
In which class of occupation would doctors, teachers and entertainers be grouped?
Extraction
Industrial
Direct Service
Commercial
Industrial Service
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a branch of production?
Consumption
Extraction
Manufacturing
Distribution
Direct services
Correct answer is A
No explanation has been provided for this answer.
A system in which people provide their own needs directly is known as?
sub-standard economy
subsistence economy
mixed economy
monetized economy
specialized economy
Correct answer is B
No explanation has been provided for this answer.