Commerce

Risks in business are borne by the?

A. consumer B. entrepreneur C. marketing manager D. personnel manager Correct Answer: Option B B. entrepreneur

6 years ago

The divisions of production are?

A. industry, banking and services B. industry, manufacturing and services C. industry, commerce and services D. industry, commerce and services…

6 years ago

Any activity that changes raw materials into consumer or industrial goods is?

A. Constructive B. assembling C. extractive D. manufacturing Correct Answer: Option D D. manufacturing

6 years ago

Legal tender consists of?

A. cheques and coins B. bank drafts and cheques C. currency notes and coins D. money order and currency notes…

6 years ago

The process of dividing market into identifiable sub-markets is known as?

A. marketing concept B. market segmentation C. market research D. market orientation Correct Answer: Option B B. market segmentation

6 years ago

Which of the following is true of rail transport?

A. Suitable for perishable goods B. Cheaper over long distances C. it does not require trans-shipment of goods D. has…

6 years ago

Which of the following is not a function of money?

A. Double coincidence of wants B. Medium of exchange C. Measure of value D. Store of wealth Correct Answer: Option…

6 years ago

Which of the following terms is used in marine insurance when the cargo suffers partial loss?

A. General Average B. Particular Average C. Floating Policy D. Open Cover Correct Answer: Option B B. Particular Average

6 years ago

Which of the following is not provided by the post office?

A. Recorded delivery service B. Business reply service C. Express delivery service D. After sales service Correct Answer: Option A…

6 years ago

The practice whereby a firm prepays the postage for the response of its customers is known as?

A. express delivery B. post restante C. recorded delivery service D. business reply service Correct Answer: Option B B. post…

6 years ago