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.

2,116.

Which of the following organizations aim primarily at protecting the consumer?

A.

Standards Organization of Nigeria

B.

Chambers of Commerce

C.

State Security Service

D.

Nigeria Red Cross Society

E.

Manufacturers Association of Nigeria

Correct answer is A

No explanation has been provided for this answer.

2,117.

The system of collecting information with a view to determining the extent of demand for a product is known as?

A.

advertising

B.

marketing research

C.

marketing

D.

marketing segementation

E.

communication

Correct answer is B

No explanation has been provided for this answer.

2,118.

Which of the following ancillary service helps to maintain close contact between buyers and sellers?

A.

Tansport

B.

Insurance

C.

Banking

D.

Communication

E.

Advertising

Correct answer is D

No explanation has been provided for this answer.

2,119.

The following factor must be considered before setting up a retail business except?

A.

capital

B.

experience

C.

location

D.

size of market

E.

public relationship

Correct answer is E

No explanation has been provided for this answer.

2,120.

In large offices where a large number of mails is posted daily,which of the following quickens the stamping of envelopes?

A.

Franking

B.

Collating

C.

Sorting

D.

Trimming

E.

Shredding

Correct answer is A

No explanation has been provided for this answer.