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.
purchase of goods and services
production of goods
buying and selling
distribution of goods
storage of goods
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not an aid to trade?
Transport
Production
Banking
Insurance
Warehouse
Correct answer is B
No explanation has been provided for this answer.
Which of the following comes last in the chain of distribution? The
consumer
manufacturerretailer
wholesaler
agent
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a basic want of man?
Transport
Food
Water
Clothing
Shelter
Correct answer is A
No explanation has been provided for this answer.
The function of commerce in production is that it?
helps in the extraction of raw materials
provides a link between the different arms of production
is the only branch that satisfies wants
yields result
changes raw materials to finished goods
Correct answer is B
No explanation has been provided for this answer.