Commerce

An artificial barrier to international trade is?

A. political unrest B. culture of the people C. units of measurement D. custom duties Correct Answer: Option D -…

4 years ago

One of the functions of the wholesaler is to?

A. forecast prices B. reduce prices of goods C. promote sales D. analyse sales periodically Correct Answer: Option C -…

4 years ago

A chain store usually combines the features of?

A. mulitiple shops and departmental stores B. hypermarkets and stalls C. multiple shops and hypermarkets D. mail order business and…

4 years ago

The major components of modern retailing include?

A. branding, doorstep selling and customer stimulation B. branding, sales promotion and mail order C. chain store, customer stimulating and…

4 years ago

Primary production is associated with?

A. banking B. manufacturing C. agriculture D. construction Correct Answer: Option C - agriculture

4 years ago

Resources harnessed in certain proportion to create goods and services are?

A. factors of production B. technology and labour C. land and entrepreneur D. raw materials Correct Answer: Option A -…

4 years ago

The service of a textile worker are an example of?

A. extractive activity B. commercial activity C. manufacturing D. construction Correct Answer: Option C - manufacturing

4 years ago

An aid to trade associated with communications is?

A. banking B. transportation C. warehousing D. insurance Correct Answer: Option B - transportation

4 years ago

The central focus of commercial activities is?

A. pricing B. advertising C. trading D. marketing Correct Answer: Option C - trading

4 years ago

One way by which a business can discharge its social responsibility to its community is to?

A. hold monthly meetings of its customers B. building houses for its executives C. award scholarship to staff children D.…

4 years ago