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.

2,271.

The sole purpose of production is?

A.

employment

B.

promotion

C.

consumption

D.

competition

E.

enterprising

Correct answer is C

No explanation has been provided for this answer.

2,272.

The major divisions of commerce are?

A.

import, export and banking

B.

home trade and foreign trade

C.

trade and aids to trade

D.

exchange, consumption and production

E.

trade and banking

Correct answer is C

No explanation has been provided for this answer.

2,273.

The tendency for firms and individuals to concentrate on the activity which is of most advantage of them is known as?

A.

decentralization

B.

diversification

C.

commercialization

D.

specialization

E.

rationalization

Correct answer is D

No explanation has been provided for this answer.

2,274.

Which of the following is a commercial service?

A.

Transporting

B.

Garri processing

C.

Oil drilling

D.

Lumbering

E.

Tailoring

Correct answer is A

No explanation has been provided for this answer.

2,275.

Retail outlets which sell from specialized vans are?

A.

Super markets

B.

multiple shops

C.

mail order firms

D.

department stores

E.

mobile shops

Correct answer is E

No explanation has been provided for this answer.