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 is a retail outlet to eliminate the profit of middlemen?
Producer co-operative
Consumer co-operative
Thrift and Credit Society
Department store
Multiple shop
Correct answer is B
No explanation has been provided for this answer.
Association of Nigeria Exports
Nigeria Export Promotion Council(NEPC)
General Agreement onTariffs and Trade(GATT)
Association of Nigeria Importers
Manufacturers Association of Nigeria
Correct answer is B
No explanation has been provided for this answer.
Demand is widespread
Wholesaler and retailer lack office accomodation
Volume of production is high
The product make-up and use are highly technical
Manufacturer has no warehouse
Correct answer is D
No explanation has been provided for this answer.
Subrogation
Compensation
Indemnity
Contribution
Surrender value
Correct answer is C
No explanation has been provided for this answer.
The two main categories of marine losses are?Total loss and particular average loss
Total loss and partial loss
Total loss and particular average loss
Total loss and constructive total loss
Total loss and actual total loss
Partial loss and constructive total loss
Correct answer is A
No explanation has been provided for this answer.