Which of the following will not be considered in choosing a channel of distribution?
Nature of product
Preferences of consumers
Volume of sales
Quality of product
Correct answer is D
The quality of the product being sold is not a factor to consider when choosing to either sell directly to consumers or to go through middlemen.
Some of the factors to consider include
Who among the following cannot be regarded as an itinerant trader?
Gypsy
Barrow toy
Pediar
Stall owner
Correct answer is A
No explanation has been provided for this answer.
A bank's undertaking to pay an exporter on behalf of an importer is a?
documentary credit
letter of credit
letter of hypothecation
bill of exchange
Correct answer is D
No explanation has been provided for this answer.
An organization formed mainly by traders on the same line of business is known as?
trade union
cooperative society
trade association
chamber of commerce
Correct answer is C
No explanation has been provided for this answer.
The net profit of a business is determined by?
deducting cost of goods sold from sales
deducting purchases from sales
adding commission received to gross profit
deducting all expenses from gross profit and other income
Correct answer is D
No explanation has been provided for this answer.