Commerce

International trade takes place as a result of?

A. uniformity in costs of production B. inequitable distribution of natural resources C. parity in the level of industrialization D.…

4 years ago

Organizing trade fairs in Nigeria is the responsibility of?

A. National Directorate of Employment B. Federal Ministry of Commerce C. trade association D. chambers of commerce Correct Answer: Option…

4 years ago

An order sent by an importer to an overseas supplier stating the details of goods required is known as?

A. export invoice B. ship's manifest C. an indent D. bill of lading Correct Answer: Option C - an indent

4 years ago

An internal demand for goods to be purchased or drawn from stock is?

A. a quotation B. a requisition C. a tender D. an order Correct Answer: Option B - a requisition

4 years ago

Loan schemes by thrift societies are?

A. mortgage schemes B. conventional schemes C. mutual schemes D. unconventional schemes Correct Answer: Option C - mutual schemes

4 years ago

Fluctuations in the supply of goods may be eliminated if the distribution system maintains?

A. modern technology B. a team of retailers C. warehouse services D. sufficient middlemen Correct Answer: Option A - modern…

4 years ago

Factors of production can be described as the?

A. resources required for the provision of goods and services B. skills involve in deciding and directing the flow of…

4 years ago

Commerce includes all the occupations concerned with?

A. sales B. production C. marketing D. distribution Correct Answer: Option D - distribution

4 years ago

The acronym PLC is used to identify a?

A. company limited by shares B. private company limited by shares C. public company limited by shares D. company limited…

4 years ago

The most important function of commerce is?

A. helping people to improve their profits B. facilitating exchanges among individuals and firms C. assisting trade through banking and…

4 years ago