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 an insurance cover undertaken by the Government for its employees?
Endowment
Marine insurance
Fidelity guarantee insurance
Pensions scheme
Fire insurance
Correct answer is D
No explanation has been provided for this answer.
Which of the following is an insurance principle?
Endowment
Premium
Proximate cause
Fidelity guarantee
surrender value
Correct answer is C
No explanation has been provided for this answer.
All advertising campaigns foe consumer goods must pay attention to?
cinema advertising
radio advertising
point of sale
door to door sale
neon signs
Correct answer is C
No explanation has been provided for this answer.
directing
organizing
controlling
planning
consulting
Correct answer is D
No explanation has been provided for this answer.
The last link in the chain of distribution is the?
wholesaler
retailer
consumer
factor
advertiser
Correct answer is B
A distribution channel is a chain of businesses or intermediaries through which a good or service passes until it reaches the end consumer. It can include manufacturer ==> wholesalers ==>retailers==> consumers.
The chain of distribution always ends at the point where goods and services get to the final consumer and the retailer is that "last link'' that connects the goods to the consumer.
The word "link" means connection. Hence, the retailer is the last connection, (not the consumer) because the consumer is the final receiver and not a connector or giver.