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 balance of payments of countries is
a record of imports and export
a systematic record of transaction among countries at a given time
the current and the capital accounts and their payments
the trade relationships and payment among nations
Correct answer is A
No explanation has been provided for this answer.
A pro-forma invoice is sent to inform a buyer about the
quantity of goods
prices of goods
designation of goods
quality of goods
Correct answer is B
No explanation has been provided for this answer.
The merchant wholesaler is referred to as
del-credere agent
a broker
rack jobber
a factor
Correct answer is A
No explanation has been provided for this answer.
One of the reasons why wholesaling must continue is that?
the tax paid by wholesalers on their profit enhances national revenue
by creating artificial scarcity, the wholesaler is enhencing competition
the wholesaler provides technical advice to the retailer
the gap between manufacturers and retailers is reduce byn wholesalers
Correct answer is D
No explanation has been provided for this answer.
N2,740
N 1,350
N1,150
N570
Correct answer is D
No explanation has been provided for this answer.