Commerce

Trade as a division of commerce is usually classified into?

A. retail and wholesale B. import and export C. home and foreign D. visible and invisible Correct Answer: Option C…

6 years ago

Using symbols, letters, name or combinations of these by a company to distinguish its products is?

A. product cycle B. marketing mix C. trade mark D. market segmentation Correct Answer: Option C C. trade mark

6 years ago

Which of the following is not a function of Ports Authority?

A. Providing facilities for loading and off-loading of vessels B. Collection of dock dues C. Providing enough ships for the…

6 years ago

A voluntary association of business executives within a locality is known as?

A. Trade Union B. Consumers' Association C. Chamber of Commerce D. Trade Association Correct Answer: Option C C. Chamber of…

6 years ago

Encouraging a high quality of members’ products through the circulation of research information is a function of?

A. Manufacturers Association B. Trade Union C. Employers Association D. Consumers Association Correct Answer: Option A A. Manufacturers Association

6 years ago

When C.I.F is quoted on an invoice, it means that the price includes the?

A. cost of goods only B. cost of insurance only C. cost of carriage only D. cost, insurance and carriage…

6 years ago

Before the advent of legal tender and credit instrument, which of the following was used as a medium of exchange?

A. Currency notes B. Cowries C. Cheques D. Bank drafts Correct Answer: Option B B. Cowries

6 years ago

Which of the following distinguishes home trade from foreign trade

A. Payments are easily arranged B. Taxies are levied C. Goods have to be warehoused D. Middlemen are not required…

6 years ago

Banks settle their indebtedness in the?

A. discount house B. stock exchange market C. commercial bank D. clearing house Correct Answer: Option D D. clearing house

6 years ago

The par value of a share is also known as its?

A. premium price B. market price C. discount price D. nominal price Correct Answer: Option D D. nominal price

6 years ago