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 bond which attracts only interest but leaves the capital unpaid is referred to as?
a long-term loan
a develoment bond
a redeemable bond
an irredeemable bond
Correct answer is A
No explanation has been provided for this answer.
A seller attracts and retains patronage by?
enhancing public relationship
enhance sales promotion
rendering pre-sales services
rendering customer service
Correct answer is C
No explanation has been provided for this answer.
span of control
delegation of authority
chain of command
authority and rsesponsibility
Correct answer is C
No explanation has been provided for this answer.
An aspect of marketing that stimulates buying by providing free gifts is?
advertising
personal selling
publicity
sales promotion
Correct answer is D
Sales promotion means any steps that are taken for the purpose of obtaining an increasing sale. It is mostly done through the provision of free gift items to the customer to spark interest and create demand for that particular product.
The setting of objectives for an organization and determining how to accomplish them is?
social responsibility
planning
organizing
decision-making
Correct answer is B
Planning is a management process concerned with defining goals for a company's future direction and determining the resources required to achieve those goals.