Commerce

When an insured person admits that he has indemnified, he means that?

A. the insurance company has accepted his claim B. the damaged properties have been recovered C. he has paid his…

5 years ago

A person who sells goods belonging to another person in his own name and receives commission is a?

A. wholesaler B. retailer C. sole trader D. factor E. merchant Correct Answer: Option D - factor

5 years ago

The concept that consumers decided what goods and services shall be known as consumer?

A. protection B. surplus C. sovereignty D. behaviour E. co-operative Correct Answer: Option C - sovereignty

5 years ago

Which of the following is not an elements of the marketing mix?

A. Product B. Pricing C. Promotion D. Purchases E. Place Correct Answer: Option D - Purchases

5 years ago

The performance of business activities that directs the flow of goods and services from the producer to the consumer is?

A. marketing B. merchandising C. transportation D. production E. marketing mix Correct Answer: Option A - marketing

5 years ago

Which of the following is a form of sales promotion?

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

5 years ago

The insured is prevented from making profit from claims under more than one policy for the same risk by the principle of?

A. Contribution B. Subrogation C. Utmost good faith D. Proximate cause E. Insurable interest Correct Answer: Option B - Subrogation

5 years ago

Which of the following assigns a name to a product?

A. Copyright B. Packaging C. Labelling D. Patent E. Branding Correct Answer: Option E - Patent

5 years ago

Which of the following is used to stimulate sales?

A. Finance B. Insurance C. Warehousing D. Advertising E. Banking Correct Answer: Option D - Advertising

5 years ago

Which of the following is used to stimulate sales?

A. Finance B. Insurance C. Warehousing D. Advertising E. Banking Correct Answer: Option D - Advertising

5 years ago