A person who is for the purpose of bringing his principal into contractual relationship with third parties is
A. a merchant B. a consignee C. a consignor D. an agent Correct Answer: Option B – a consignee
The main idea of the marketing concept is that all the firm’s plans and operations should be
A. product oriented B. price oriented C. consumer oriented D. company oriented. Correct Answer: Option A – product oriented
Which of the following business risks would an insurance firm not cover for an entrepreneur?
A. Theft B. Fire C. Loss of goods in transit D. Change in consumers’ taste Correct Answer: Option D – Change in consumers’ taste
An advertising campaign by a chicken seller designed to sell his products at the expense of a beef seller is
A. competitive B. direct C. informative D. persuasive Correct Answer: Option A – competitive
Bonded warehouses are supervised by?
A. clearing and forwarding agents B. customs and excise authorities C. immigration officers D. posts Authorities Correct Answer: Option B – customs and excise authoritiesProducts
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