What do we call agreement between two people enforced by law?
Consideration
offer
contract
agreement
Correct answer is C
Contract is a written or spoken agreement, especially one concerning employment, sales, or tenancy that is intended to be enforceable by law
Distribution of goods belongs to
Construction industry
extractive industry
manufacturing industry
commercial industry
Correct answer is D
Commercial Occupation: This refers to all the people involved in the distribution and exchange of goods produced by the industrial sector. Examples of commercial workers are: bankers, transporters, insurers, traders, etc.
An organization which focuses on consumers satisfaction is practicing
Marketing concepts
Selling concepts
Consumerism
Market segmentation
Correct answer is A
The marketing concept is a customer-centered “sense and responds” philosophy. The job is not to find the right customers for your product but to find the right products for your customers
The marketing concept is the belief that companies must assess the needs of their consumers first and foremost. Based on those needs, companies can make decisions in order to satisfy their consumers' needs, better than their competition
The sale of second hand securities is done in which market
Building society
cooperative society
stock exchange
capital market
Correct answer is C
A stock exchange, securities exchange or bourse, is a facility where stock brokers and traders can buy and sell securities, such as shares of stock and bonds and other financial instruments
Stock exchange is an organized and regulated financial market where securities (bonds, notes, shares) are bought and sold
One of the major disadvantages of pipeline transportation is its
High maintenance cost
High cost of construction
Limitation in scope
Vulnerability to climate changes
Correct answer is C
Pipeline transportation is one of the modes of transport that involves the use of hollow pipes in the transportation of water, crude oil, (petroleum), bio-fuels, and gas. This mode of transportation is safer and cheaper than using tankers or trailers in the transportation of these liquids
The major disadvantage with this mode of transportation is that it is not flexible, i.e., it can be used only for a few fixed points.