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 chain store usually combines the features of?
mulitiple shops and departmental stores
hypermarkets and stalls
multiple shops and hypermarkets
mail order business and multiple stops
Correct answer is A
No explanation has been provided for this answer.
The major components of modern retailing include?
branding, doorstep selling and customer stimulation
branding, sales promotion and mail order
chain store, customer stimulating and doorstep selling
branding, supermarkets and after sales-service
Correct answer is D
Modern retail stores include discount stores, hypermarkets, supermarkets, department stores, specialty stores, convenience stores.
Primary production is associated with?
banking
manufacturing
agriculture
construction
Correct answer is C
Primary production encompasses agricultural activities, aquaculture, fisheries, and similar processes resulting in raw food materials.
Resources harnessed in certain proportion to create goods and services are?
factors of production
technology and labour
land and entrepreneur
raw materials
Correct answer is A
The factors of production are resources that people use to produce goods and services. They include land, labor, capital, and entrepreneurship.
The service of a textile worker are an example of?
extractive activity
commercial activity
manufacturing
construction
Correct answer is C
Textile Workers perform routine tasks in fabric and textile factories, such as cutting canvas, upholstery and curtain fabrics, delivering materials to machines, etc. They are grouped under the manufacturing industry.