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 conversion of raw material into finished products creates
Marginal utility
Place utility
form utility
time utility
Correct answer is C
No explanation has been provided for this answer.
In a common market, member countries agree basically to
place bans on the other countries’ product
wage war against other countries’ product
establish common barriers against countries outside the market
negotiate with countries outside the market for favourable terms of trade .
Correct answer is C
No explanation has been provided for this answer.
The reduction of import duties among the members countries of ECOWAS is an example of
preference duties
preferential treatment
preferential tariff
preferential excise
Correct answer is C
No explanation has been provided for this answer.
Inventory control is an aspect of a
operations research
materials management
C the organizing function
D span of control
Correct answer is B
No explanation has been provided for this answer.
When a business enterprise provides free service to its environment, the service is said to be a
civic responsibility
philanthropic consideration
social responsibility
political consideration
Correct answer is C
No explanation has been provided for this answer.