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.

2,156.

Which of the following has the main objective to differentiate between similar products from different manufacturers?

A.

Branding

B.

Wrapping

C.

Packaging

D.

Mark up

E.

Display

Correct answer is A

No explanation has been provided for this answer.

2,157.

When a motor dealer undertakes routine maintenance of costumers' vehicles, he is offering?

A.

self - service

B.

pre - sales services

C.

after - sales service

D.

automobile service

E.

free service

Correct answer is C

No explanation has been provided for this answer.

2,158.

Which of the following is the primary purpose of a business concern? To

A.

make maximum profit for itself and the share holders

B.

provide goods and services to customers at a profit for itself and shareholders

C.

supply essential commodities at a profit

D.

make a goods and services available to the poor at a profit

E.

ensure even development of a country

Correct answer is A

No explanation has been provided for this answer.

2,159.

The provision of all kinds of services is related to?

A.

primary production

B.

secondary production

C.

territorial production

D.

construction

E.

tertiary production

Correct answer is E

No explanation has been provided for this answer.

2,160.

When payments is required for goods at the time order is placed, the term of payment quoted is?

A.

C.O.D

B.

C.W.O

C.

C.I.F

D.

F.O.R

E.

F.O.B

Correct answer is B

No explanation has been provided for this answer.