Total sales less total returns inwards is called?
A. purchases B. net profit C. gross profit D. average stock E. net sales Correct Answer: Option E – net sales
The production of goods in anticipation of demand is made possible by?
A. packaging B. warehousing C. branding D. advertising E. transporting Correct Answer: Option B – warehousing
Which of the following is not a means of making payment to a businessman?
A. bank draft B. cash C. money order D. cheque E. statements Correct Answer: Option E – statements
The value of anything expressed in monetary terms is the?
A. utility B. price C. service D. charge E. money Correct Answer: Option B – price
Which of the following documents may be used when an importer requires a longer period of credit before settlement?
A. letter of credit B. documentary credit C. bill of lading D. sight draft E. bill of exchange Correct Answer: Option E – bill of exchangeProducts
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