Commerce

A number of shops under one roof is the feature of a?

A. supermarkets B. chain stores C. department store D. mail-order business E. shopping centre Correct Answer: Option C - department…

5 years ago

A business is in existence primarily to?

A. make profit B. provide goods and services C. provide employment D. complete with others in business E. sell goods…

5 years ago

Which of the following statements best describes net profit? The excess of

A. total revenue over total expenditure B. total capital income over expenditure C. sales over purchases D. total capital formation…

5 years ago

Which of the following is sent as a reply to an inquiry?

A. Tender B. Estimate C. Statement D. Advice note E. Quotation Correct Answer: Option E - Quotation

5 years ago

Efforts geared towards establishing and maintaining good image for a company is termed?

A. human relations B. professional relations C. public relations D. trade relations E. personnel relations Correct Answer: Option C -…

5 years ago

Which of the following is a form of sales promotion ____?

A. Promotion through radio B. Advertising by television C. Distributing printed sales literature D. Offering free samples to customers E.…

5 years ago

Which of the following advertising media combines the advantages of sound and motion?

A. Radio B. Neon signs C. Press D. Hoarding E. Television Correct Answer: Option E - Television

5 years ago

The exchange of goods for other goods in home trade is known as?

A. entrepot trade B. home trade C. barter trade D. foreign trade E. counter trade Correct Answer: Option C -…

5 years ago

The purpose of of issuing a credit note is to?

A. correct errors of overcharging B. correct errors of undercharging C. write off bad debts D. encourage immediate payment E.…

5 years ago

In which class of occupation would you place a taxi driver?

A. Extractive B. Indirect services C. Personal services D. Primary production E. Commercial services Correct Answer: Option E - Commercial…

5 years ago