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.
Personal selling is used for the purpose of?
establishing the company
providing information
creating product awareness
given financial assistance
Correct answer is C
Personal selling is also known as face-to-face selling in which one person who is the salesman tries to convince the customer in buying a product. It is a promotional method by which the salesperson uses his or her skills and abilities in an attempt to make a sale.
product, place , process and promotion
price, product, properrty and place
price, product, place and promotion
price, production , place and property
Correct answer is C
The four main Ps of marketing are the product, price, place, and promotion
The resources which are necessary for business development include?
manufacturing , materials mentors and money
merchant, materials, mentors and money
man, money, materials and machines
machines, manufacturing , money and materials
Correct answer is C
No explanation has been provided for this answer.
An association to which all chambers of commerce in Nigeria are affiliated is the?
Nigeria Labour Congress
National Association of Chambers of commerce, industry, Mines and Agriculture
Nigeria Association of Chambers of commerce, industry, Mines and Agriculture
Nigeria Stock Exchange
Correct answer is C
Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture is an organization for all Nigerian state and related Chambers of Commerce of Nigeria. The organization's goal is to further the interests of businesses in the country.
The pooling of business information for the benefit of members is a major function of a?
pressure group
trade association
cultural group
trade union
Correct answer is B
A trade association is a business association founded and funded by businesses that operate in a specific industry for the benefit of its members and to to promote their common interests.