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.

2,346.

The organizing efforts of consumers to protect themselves against the unfair practices of business is called?

A.

strike

B.

consumerism

C.

amalgamation

D.

co-operation

E.

propaganda

Correct answer is B

No explanation has been provided for this answer.

2,347.

Auctions and Tenders become binding when they are?

A.

accepted

B.

offered

C.

received

D.

advertised

E.

communicated

Correct answer is A

No explanation has been provided for this answer.

2,348.

An agreement between two parties which will give rise to rights and obligation is known as?

A.

a warrant

B.

a contract

C.

a consideration

D.

an offer

E.

an acceptance

Correct answer is B

No explanation has been provided for this answer.

2,349.

A number of shops under one roof is the feature of a?

A.

supermarkets

B.

chain stores

C.

department store

D.

mail order business

E.

shopping centre

Correct answer is C

No explanation has been provided for this answer.

2,350.

A business is in existence primarily to?

A.

make profit

B.

provide goods amd services

C.

provide employment

D.

complete with others in business

E.

sell goods at reasonable prices

Correct answer is A

No explanation has been provided for this answer.