Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1.

The construction of dams, irrigation drains and navigation major responsibility of the

A.

Upper-Nigeria River Basin Commission

B.

Nigeria Basin Commission

C.

Economic Community of West African states

D.

Lack Chad Basic Commission

Correct answer is B

No explanation has been provided for this answer.

2.

An element of the marketing mix that is concerned with feature and quality is

A.

price

B.

place

C.

product

D.

promotion

Correct answer is C

No explanation has been provided for this answer.

3.

The factors responsible for large scale production of durable goods are

A.

capital and infrastructure

B.

land and infrastructure

C.

labour and capital

D.

equipment and labour

Correct answer is A

No explanation has been provided for this answer.

4.

The branding of manufacturers goods aids

A.

market segmentation

B.

demand and supply

C.

price discrimination

D.

product differentiation

Correct answer is D

No explanation has been provided for this answer.

5.

A mutual compromise between the central bank and other banks on strategies for economic activities is reached through

A.

cash liquidity ratio

B.

the reserve ratio

C.

moral suasion

D.

open-market operations

Correct answer is C

No explanation has been provided for this answer.