Commerce

A term embracing buying, selling and distributing of goods and services is known as?

A. wholesale trade B. retail trade C. commerce D. market mix E. marketing concept Correct Answer: Option C - commerce

5 years ago

A trade agreement in which two countries exchange goods and services is known as?

A. export trade B. bilateral trade C. multilateral trade D. entrepot trade E. barter trade Correct Answer: Option B -…

5 years ago

The most important function of the retailer is to?

A. sell goods on credit B. operates on weekends and public holidays C. make goods available in units D. buy…

5 years ago

Which of the following has the main objective to differentiate between similar products from different manufacturers?

A. Branding B. Wrapping C. Packaging D. Mark up E. Display Correct Answer: Option A - Branding

5 years ago

When a motor dealer undertakes routine maintenance of costumers’ vehicles, he is offering?

A. self - service B. pre - sales services C. after-sales service D. automobile service E. free service Correct Answer:…

5 years ago

Which of the following is the primary purpose of a business concern? To

A. make maximum profit for itself and the share holders B. provide goods and services to customers at a profit…

5 years ago

The provision of all kinds of services is related to?

A. primary production B. secondary production C. territorial production D. construction E. tertiary production Correct Answer: Option E - tertiary…

5 years ago

When payments are required for goods at the time order is placed, the term of payment quoted is?

A. C.O.D B. C.W.O C. C.I.F D. F.O.R E. F.O.B Correct Answer: Option B - C.W.O

5 years ago

Which of the following saves consumers the time and cost involved in travelling to commercial centres for shopping?

A. Department store B. Supermarket C. Mobile shop D. Wholesale stores E. Stall-holder Correct Answer: Option C - Mobile shop

5 years ago