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.
Branding is the assigning of trade marks to goods for the purpose of ……….. by the public.
demand
identification
replacement
stabilization
standardization
Correct answer is B
No explanation has been provided for this answer.
The following are advantages of division of labour specialization EXCEPT that it
enhances interdependence
increases output
increases skill and dexterity
leads to monotony
promotes efficient of tools
Correct answer is D
No explanation has been provided for this answer.
Gross profit can be calculated as
Cost of good sold minus cost of goods available for sale
cost of goods available for sales minus sale
Sales minus purchases
Sales minus cost of good sold
Sales minus closing stock
Correct answer is D
No explanation has been provided for this answer.
Departmental store, supermarket and chain store are examples of
large scale retailers
large scale whole-salers
medium scale producers
small scale retailers
small scale wholesalers
Correct answer is A
No explanation has been provided for this answer.
The Nigeria Enterprises promotion Decree brought about policy
commercialization
indigenization
industrialization
nationalization
nationalization
Correct answer is B
No explanation has been provided for this answer.