Commerce

An arrangement by independent firms to share the market of their products on quota basics Is referred to as?

A. Cartel B. Syndicate C. Trust D. Integration Correct Answer: Option A - Cartel Explanation A cartel is a group…

5 years ago

What is the difference between current assets and current liabilities?

A. Working capital B. nominal capital C. capital employed D. issued capital Correct Answer: Option A - Working capital Explanation…

5 years ago

What’s the first form an applicant must complete before taking an insurance policy?

A. Cover note B. advice note C. proposal form D. certificate of insurance Correct Answer: Option C - proposal form…

5 years ago

Goods and services are made available to consumers through?

A. The advertising agency B. Sales promotion C. The channel of distribution D. The middlemen Correct Answer: Option C -…

5 years ago

The internet is a system of telecommunication used for?

A. The internet is a system of telecommunication used for providing a variety of information and communication facilities B. Communicating…

5 years ago

The satisfaction of consumer is best explained by?

A. Product mix B. Marketing concept C. marketing mix D. market segmentation Correct Answer: Option B - Marketing concept Explanation…

5 years ago

Balance of payment consists of ________ and _______ items.

A. Credit and loss B. visible and non-visible C. valid and invalid D. income and expenditure Correct Answer: Option B…

5 years ago

The elements in marketing mix that ensures goods are available when and where needed is?

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

5 years ago

Why will a cheque be dishonoured?

A. Regular signature B. high amount of money written on the cheque C. insufficient funds D. general crossing Correct Answer:…

5 years ago

When does the buyer in a hire purchase becomes the owner of the goods?

A. When all installments have been fully paid B. After payment of the first installment C. Before the payment of…

5 years ago