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.
A process of creating more market for a product is through?
consumerism
marketing
advertising
reponsitioning
Correct answer is C
Advertising is a marketing tactic involving paying for space to promote a product, service, or cause. The actual promotional messages are called advertisements, or ads for short. The goal of advertising is to reach people most likely to be willing to pay for a company's products or services and entice them to buy.
Selling goods in foreign countries at price below their marginal cost is?
dumping
depreciation
devaluation
discounting
Correct answer is A
Dumping is a term used in the context of international trade. It's when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter's domestic market.
The details of the goods require by the the purchaser is outlined in?
a consular invoice
an indent
an invoice
a certificateof orign
Correct answer is C
An invoice is a document issued by a seller to the buyer that indicates the quantities and costs of the products or services provider by the seller.
The document issued to a port authority when goods are deposited is a?
dock landing account
bill of sight
bill of lading
dock warrant
Correct answer is D
A dock warrant is an instrument issued by a ware housekeeper, licensed by the state to traders who deposit goods with them. A dock warrant certifies that the holder is entitled to goods imported and warehoused in the docks. It transfers the absolute right to the goods described in it.
Entrepot trade usually occurs in?
exchanging goods within a nation
exchanging goods among countries
importing goods to be re-exproted
exproting goods to be re-imported
Correct answer is C
Entreport; Trade in which imported goods are re-exported with or without any additional processing or repackaging.