Commerce

Services which are of absolute monopoly can best be provided by?

A. private companies B. limited liability C. public companies D. public enterprises Correct Answer: Option D - public enterprises Explanation…

5 years ago

Extractive industries may also be denominated as?

A. direct industries B. service industries C. primary industries D. indirect industries Correct Answer: Option C - primary industries Explanation…

5 years ago

One of the factors which critically determines the choice of occupation is?

A. training B. skill C. aptitude D. interest Correct Answer: Option B - skill Explanation Educational or trade/skill level -…

5 years ago

Sudden technological changes can have the effect of making?

A. a company's management style ineffective B. a company's product obsolete C. the control mechanism difficult to implement D. the…

5 years ago

When a vendor supplies news papers from house to house and across the streets; the element of marketing mix involved is?

A. product B. price C. promoting D. place Correct Answer: Option D - place Explanation In the marketing mix, the…

5 years ago

The main objective of a trade association can best be described as promoting and protecting?

A. the product B. common interest C. the market D. customer's interest Correct Answer: Option B - common interest Explanation…

5 years ago

One of the criteria for differentiating consumer markets from industrial ones is the?

A. type of demand B. type of supply C. nature of service rendered D. price of the goods Correct Answer:…

5 years ago

Bank giro is a system where?

A. commercial banks can give loan to all customers. B. a central bank opens accounts for commercial banks C. a…

5 years ago

A person who undertakes any risk in insurance business is known as?

A. a broker B. an underwriter C. an insurer D. an actuary Correct Answer: Option B - an underwriter Explanation…

5 years ago

Excise duties are paid on goods that are?

A. imported into the country B. manufactured within the country C. exported to other countries D. kept in bonded warehouse…

5 years ago