Commerce

Branding is an aspect of marketing mix associated with?

A. price B. product C. place D. distribution Correct Answer: Option B B. product

6 years ago

The number of times the average stock of a business is sold within a given period is?

A. turnover B. rate of turnover C. sales return D. current ratio Correct Answer: Option B B. rate of turnover

6 years ago

The mark-up of a retailer represents the?

A. gross profit B. opening stock C. closing stock D. net profit Correct Answer: Option A A. gross profit

6 years ago

Which of the following classified under production?

A. Cloth making B. Shoe mining C. Coal mining D. Road construction Correct Answer: Option B B. Shoe mining

6 years ago

Which of the following best describes commerce?

A. Buying and selling goods and services B. Buying, selling and distribution and services C. Preserving goods until they are…

6 years ago

A voluntary body formed by people in the same line of business is known as?

A. trade union B. trade association C. cartel D. employers' association Correct Answer: Option B B. trade association

6 years ago

The process by which government takes over the ownership and control of an existing private business is?

A. industrialization B. privatization C. nationalization D. commercialization Correct Answer: Option C C. nationalization

6 years ago

The duty of an agent of necessary to a principle is based on?

A. trust B. ability C. negotiation D. mutual agreement Correct Answer: Option A A. trust

6 years ago

In a contract, offer is described as a counteroffer if?

A. a new clause is introduced B. it is not understood C. it is not addressed to a particular person…

6 years ago

Which of the following is not a method of discharging a contract?

A. Performance B. Breach C. Consideration D. Frustration Correct Answer: Option C C. Consideration

6 years ago