Who among the following is not an agent?
Broker
Factor
Jobber
Manufacturer's representative
Aunctioneer
Correct answer is D
No explanation has been provided for this answer.
Division of labour often results in
a decrease in production
an increase in production
waste of time
uneconomic use of tools
greater craftsmanship
Correct answer is B
No explanation has been provided for this answer.
The rebate given to the retailer by the wholesaler to enable him make profit is known as
commission
mark-up
trade discount
cash discount
credit guarantee
Correct answer is C
No explanation has been provided for this answer.
Which of the following functions of the wholesaler helps to stabilize prices
Financing
Advice to retailers
Provision of credit
Advertising
Warehousing
Correct answer is E
No explanation has been provided for this answer.
Which of the following is not a source of capital to a partnership?
Buying on credit
Ploughed back profit
Borrowing
Shares
Personal savings
Correct answer is D
No explanation has been provided for this answer.