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.

2,696.

Consumers require protection against exploitation to ensure?

A.

adequate consumer awareness

B.

availability of products variety

C.

the sale of quality products

D.

increased aggregate demand

Correct answer is C

No explanation has been provided for this answer.

2,697.

Foreign trade also involves?

A.

providing services for other countries

B.

specialization and the exchange of goods in a country

C.

buying and selling within a country

D.

the exchange of goods and services between firms

Correct answer is A

No explanation has been provided for this answer.

2,698.

The role of a wholesaler in the channel of distribution is to?

A.

produce goods in large quantities and sell in small quantities

B.

buy goods directly from the manufacturers

C.

buy goods in large quantities and sell in small quantities

D.

sell goods directly to the consumers

Correct answer is C

No explanation has been provided for this answer.

2,699.

In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as?

A.

counter trade

B.

balance of trade

C.

balance of payments

D.

terms of trade

Correct answer is A

No explanation has been provided for this answer.

2,700.

The documents used in the purchase and sale of goods which contain other terms of trade are?

A.

debit note and credit note

B.

delivery note and advice nopt

C.

invoice and order

D.

quotation and invoice

Correct answer is C

No explanation has been provided for this answer.