Commerce

A group of public limited companies that commonly own a joint venture is known as?

A. holding company B. consortium C. cartel D. trust E. merger Correct Answer: Option B - consortium

6 years ago

One of the features of a supermarket is?

A. having similar shop fronts B. having many shops under one root C. selling common household goods D. having central…

6 years ago

The allowance given to a retailer to enable him make a profit is known as?

A. interest B. commission C. trade discount D. cash discount E. dividend Correct Answer: Option C - trade discount

6 years ago

Which of the following is the main tool of mass selling?

A. public relations B. personal selling C. Consumer research D. Customer orientation E. Advertising Correct Answer: Option E - Advertising

6 years ago

The face to face contact between sellers and buyers with the aim of selling a product is known as?

A. personal selling B. customer coordination C. promotion D. advertising E. public relation Correct Answer: Option A - personal selling

6 years ago

Which of the following is not a reason for imposing import duties? To

A. improve balance of trade B. improve quality of goods for consumers C. obtain revenue D. protect infant industries E.…

6 years ago

In a business environment, which of the following variables can a business man conveniently control?

A. Product B. Politics C. Culture D. Economy E. The laws Correct Answer: Option A - Product

6 years ago

Which of the following is not a way of raising capital for business?

A. Issuing of bonds B. Borrowing C. Savings D. Ploughing back profit E. Issuing dividend warrants Correct Answer: Option E…

6 years ago

In which of the following business units are the owners mostly the customers?

A. Co-operatives B. Partnerships C. Public corporations D. Limited liability companies E. Sole proprietorship Correct Answer: Option A - Co-operatives

6 years ago

Which of the following is not a business resource ________?

A. Wages B. Man C. Money D. Material E. Machine Correct Answer: Option A - Wages

6 years ago