Commerce

In a law of contract, what is given in exchange for a promise to perform is?

A. offer B. acceptance C. consideration D. warranty Correct Answer: Option B B. acceptance

6 years ago

Which of the following is not concerned about consumer protection?

A. Foods and Drugs Act B. Trade Descriptions Act C. Price control Act D. General Agreement on Tariffs and Trade…

6 years ago

A void contract is one that?

A. is enforceable B. has no maturity C. has no legal effect D. is discharged Correct Answer: Option C C.…

6 years ago

Market skimming is an example of?

A. is enforceable B. has no maturity C. has no legal effect D. is discharged Correct Answer: Option A A.…

6 years ago

Activities undertaken to create awareness for a product by giving out samples premium or conducting contests are known a?

A. marketing mix B. marketing concept C. consumerism D. sales promotion Correct Answer: Option D D. sales promotion

6 years ago

It is often said that “the consumer is always right” This describes the doctrine of?

A. consumer movement B. consumer sovereignty C. caveat emptor D. consensus ad idem Correct Answer: Option B B. consumer sovereignty

6 years ago

When all producers in an industry combine to advertise their product instead of each firm advertising its own brand, this is referred as?

A. mass advertising B. competitive advertising C. persuasive advertising D. direct advertising Correct Answer: Option A A. mass advertising

6 years ago

A retailer sells his product at “Buy-two-take three” The sales promotion method referred to is?

A. free sample B. gift C. premium D. trade Correct Answer: Option C C. premium

6 years ago

Which of the following does not belong to the group?

A. Posters B. Window display C. Free samples D. Hoarding of goods Correct Answer: Option D D. Hoarding of goods

6 years ago

One disadvantage of of rail transport is?

A. suitability for fragile goods B. obsence of pilferage C. vulnerability to severe weather D. inflexibility Correct Answer: Option D…

6 years ago