Commerce

Product differentiation is achieved by?

A. packaging and branding B. packaging and grading C. market segmentation D. outdoor advertising Correct Answer: Option A A. packaging…

6 years ago

Which of the following statements cannot be found in a partnership deed?

A. Names of partners B. Nature of business C. Payment of tax D. Interest on capital Correct Answer: Option C…

6 years ago

A shop that sells only products of a particular manufacturer is known as?

A. mobile shop B. unit shop C. tied shop D. small shop Correct Answer: Option C C. tied shop

6 years ago

The main purpose of sending delivery notes along with goods is to?

A. enable the goods to be checked on arrival B. enable the buyer to pay the correct delivery charges C.…

6 years ago

An agreement whereby the seller transfers or agrees to transfer the property in goods for a monetary consideration is a?

A. contract of sale B. hire purchase C. conditional sale D. party selling Correct Answer: Option A A. contract of…

6 years ago

A transaction where the buyer of a commodity becomes its legal owner after the payment of the last installment is?

A. a credit sale B. factoring C. hire purchase D. leasing Correct Answer: Option C C. hire purchase

6 years ago

If a ship overstays its stipulated time at a port, it pays a charge known as?

A. arbitrage B. demurrage C. dock due D. toll Correct Answer: Option B B. demurrage

6 years ago

The exchange of goods and services among many countries is?

A. multilateral trade B. bilateral trade C. countertrade D. entrepot trade Correct Answer: Option A A. multilateral trade

6 years ago

A grocer invoiced a carton of fish valued at #2,500 for #2,000 only. To correct the error, which of the following documents will be sent to the buyer?

A. Credit note for #500.00 B. Debit note for #500.00 C. Credit note for #2,500.00 D. Debit note for #2,500.00…

6 years ago

The charges imposed by the government on locally manufactured goods is called?

A. customs duties B. excise duties C. tariffs D. quota Correct Answer: Option B B. excise duties

6 years ago