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.

2,756.

Wholesalers can be divided into?

A.

sales agent and brokers

B.

full service

C.

cooperative wholesale society and limited service wholesalers

D.

merchant wholesales and egent middlemen

Correct answer is D

No explanation has been provided for this answer.

2,757.

The association that comprises all types of businesses is referred to as?

A.

chamber of commerce

B.

trust

C.

trade association

D.

cartel

Correct answer is A

No explanation has been provided for this answer.

2,758.

Which of the following confirms the accuracy of the duty charged on imported goods?

A.

An indent

B.

Consular invoice

C.

Consignment note

D.

Shipping note

Correct answer is B

No explanation has been provided for this answer.

2,759.

Which of the middlemen in the channel of distribution has tittle to the goods he distributes?

A.

The merchant wholesaler

B.

The agent

C.

The limited wholersaler

D.

The retailer

Correct answer is A

No explanation has been provided for this answer.

2,760.

A major function of a chamber of commerce is?

A.

increaseing productivity

B.

promoting both home and foreign trade

C.

promoting trade in a particular line

D.

maximizing profit

Correct answer is B

No explanation has been provided for this answer.