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.
The use of vending machines in retailing is hindered in a developing economy owing to?
poor distribution network
low level of education
inffective communication system
lack os steady power supply
Correct answer is D
No explanation has been provided for this answer.
International trade takes place as a result of?
uniformity in costs of production
inequitable distribution of natural resources
parity in the level of industrialization
similarities in climate conditions
Correct answer is B
No explanation has been provided for this answer.
Organizing trade fairs in Nigeria is the responsibility of?
National Directorate of Employment
Federal Ministry of Commerce
trade association
chambers of commerce
Correct answer is B
No explanation has been provided for this answer.
export invoice
ship's manifest
an indent
bill of lading
Correct answer is C
No explanation has been provided for this answer.
The term 4 net 7 on an invoice means that?
4% surcharge will be made unless payment iss made within seven days
4% discount will be allowed on the price charged only if the goods are bought within seven days
4% discount will be allowed on the price charged only if payment is made after seven days
4% discount will be allowed on the price charge if payment is made within seven days
Correct answer is D
No explanation has been provided for this answer.