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 following could account for a favourable balance of payment?
High capital repayments
high debt service repayment
higher imports than exports
higher expert than imports
higher public spending
Correct answer is D
No explanation has been provided for this answer.
importing for domestic consumption
importing for industrial use
importing for government concerns
exporting for factory use
import for re-port
Correct answer is E
No explanation has been provided for this answer.
Charges paid by a for staying at at a port beyond agreed sailing time is called?
profit
interest
holding
carriage cost
demurrage
Correct answer is E
No explanation has been provided for this answer.
One advantage of personal selling is?
low cost
immediate feedback
the appeal to many people at a time
self service
speedy market coverage
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not an essential of a contract?
Offer and acceptance
Intention to create legal relations
All contracts written out
Legality of object
Consideration
Correct answer is C
No explanation has been provided for this answer.