Commerce

Terms of trade is the?

A. rate at which the central bank discounts first-class bills B. rate at which a country's exports exchange for its…

6 years ago

Which of the following is a feature peculiar to multiple shops?

A. Central location B. Self-service C. Central buying D. One-stop shopping Correct Answer: Option B B. Self-service

6 years ago

A manufacturer of goods that are seasonally will be in dire need of a?

A. wealthy customer B. suitable means of transport C. warehouse D. large shop frontage Correct Answer: Option C C. warehouse

6 years ago

Which of the following will not be considered in choosing a channel of distribution?

A. Nature of product B. Preferences of consumers C. Volume of sales D. Quality of product Correct Answer: Option A…

6 years ago

Who among the following cannot be regarded as an itinerant trader?

A. Gypsy B. Barrow toy C. Pediatr D. Stall owner Correct Answer: Option A A. Gypsy

6 years ago

A bank’s undertaking to pay an exporter on behalf of an importer is a?

A. documentary credit B. letter of credit C. letter of hypothecation D. bill of exchange Correct Answer: Option D D.…

6 years ago

An organization formed mainly by traders on the same line of business is known as?

A. trade union B. cooperative society C. trade association D. chamber of commerce Correct Answer: Option C C. trade association

6 years ago

The net profit of a business is determined by?

A. deducting cost of goods sold from sales B. deducting purchases from sales C. adding commission received to gross profit…

6 years ago

Which of the following are intangible assets of a firm?

A. Goodwill B. Reserve C. Skilled personnel D. Rights issue Correct Answer: Option A A. Goodwill

6 years ago

The nominal value of a share is the same as its?

A. market value B. below par value C. above par value D. face value Correct Answer: Option D D. face…

6 years ago