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.
making goods avaiable where and when needed
changing the form of goods, moving and making them avaiable as needed
the manufacturing of goods and provision of services
the assembling of all necessary parts to produce a finished product
Correct answer is B
Product refers to the item actually being sold and any item that intends to satisfy the needs and wants of a target customer. It can be a tangible good, such as a clothing item or piece of software, or intangible, like a service or experience (think legal services or a cruise).
It begins at the point of production where it is changed from one form to another, to the point where they are made available to consumers
The major factors that facilitate merchandising are
commuincation , advertising and banking
trading, warehousing and production
management, insurance, and advertising
banking, insurance and transportation
Correct answer is D
No explanation has been provided for this answer.
The proposed monetary integration within ECOWAS sub-region has the overriding benefit of a
improved exchange
enhanced trade
enhance development
improved relations
Correct answer is B
No explanation has been provided for this answer.
Which of the following group of countries are members of the Niger Basin Commission?
The republic of Guinea, Burkina Faso and Nigeria
Ghana, liberia, and the republic of Benin
Mali, Liberia and Nigeria
Ghana , Burkina Faso and Chad
Correct answer is A
No explanation has been provided for this answer.
The right of the public to protection against questionable products and marketing practices is
an economic aspect of the business
a social responsibility of business
a legal aspect of the business
a political aspect of the business
Correct answer is C
No explanation has been provided for this answer.