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 difference between cost and selling prices gives?
Trading account
net profit/loss
gross profit or loss
appropriation
balance sheet
Correct answer is C
No explanation has been provided for this answer.
The abbreviation ECOWAS stands for?
Economic Community of West African States
Economic Communion of West African States
Economic Council Of West African States
Economics Council of West African States
Economics Cooperation of west African States
Correct answer is A
No explanation has been provided for this answer.
Which of the following markets functions involves the actual movement of goods?
Exchange function
Distribution function
Facilitating function
Marketing information function
Stimulation function
Correct answer is B
No explanation has been provided for this answer.
Which of the following products is likely to have a low rate of turnover?`
Foodstuff
ball-pen
Soap and Detergent
Furniture
Newspaper
Correct answer is D
No explanation has been provided for this answer.
Which of the following functions is not performed by as small retailer?
Selling in units to consumers
Financing producers
Buying from wholesaler
Selling goods on credits
Stocking a variety of goods
Correct answer is B
No explanation has been provided for this answer.