Commerce

If a business uses part of its profit to develop the area where it operates; the business is fulfilling its ______?

A. economic responsibilities B. marketing responsibilities C. social responsibilities D. managerial responsibilities Correct Answer: Option C - social responsibilities Explanation…

5 years ago

Any activity directed at conveying commodities to buyers is an aspect ________?

A. selling B. delivering C. advertising D. marketing Correct Answer: Option B - delivering Explanation Is the act of conveying…

5 years ago

Factors considered when setting up a retail business is one of the following ______?

A. capital, experience and trading B. experience, term of trade, and trading C. capital, trading and term of trade D.…

5 years ago

The production of goods and services in anticipation of demand is made possible by _______?

A. packaging B. warehousing C. branding D. advertising Correct Answer: Option B = warehousing Explanation This is the act of…

5 years ago

The effects of devaluation includes all except _______?

A. exports become cheaper B. expansion of local industries C. increase in standard of living D. increase in import Correct…

5 years ago

Land as a factor of production does not vary in _______?

A. quantity B. nature C. quality D. cost Correct Answer: Option B - nature Explanation Is the phenomena of the…

5 years ago

The type of activity which turns processed raw materials into consumer and industrial goods is described as ________?

A. extractive B. manufacturing C. constructive D. processing Correct Answer: Option B - manufacturing Explanation Deals with the transformation of…

5 years ago

The business unit that applies the principle of one man; one vote is ______?

A. sole proprietorship B. partnership C. public company D. co-operative society Correct Answer: Option D - co-operative society Explanation It…

5 years ago

Which of the following is an item in the marketing mix?

A. Demand B. promotion C. market D. consumer Correct Answer: Option B - B. promotion Explanation Marketing can be defined…

5 years ago

The scope of commerce is limited to ________?

A. wholesale and entrepot trade B. trade and aids-to-trade C. wholesale and retail trade D. home and foreign trade Correct…

5 years ago