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.

551.

What is the cost of goods sold?

A.

N 2220

B.

N 2500

C.

N 2800

D.

N 4000

E.

N 4300

Correct answer is C

No explanation has been provided for this answer.

552.

The advertising medium which uses electric current in bulbs is referred to as

A.

bill boards

B.

neon signs

C.

posters

D.

television

E.

video

Correct answer is B

No explanation has been provided for this answer.

553.

Which of the following is NOT part of the marketing mix?

A.

personnel

B.

place

C.

price

D.

product

E.

promotion

Correct answer is A

No explanation has been provided for this answer.

554.

The sum which the insured pays periodically to his insurance company is called

A.

a brokerage

B.

a commission

C.

an indemnity

D.

a policy

E.

a premium

Correct answer is E

No explanation has been provided for this answer.

555.

A voluntary association of business executives, trader men, entrepreneurs and others in a city, town or country is called a

A.

chamber of commerce

B.

consumers association

C.

manufacturers association

D.

trade association

E.

trade union

Correct answer is A

No explanation has been provided for this answer.