Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following is a feature of supermarkets?
Gives credit to reliable customers
Specializes in one line of product
Goods are on display with price tags
Does not have to provide storage facilities
Correct answer is C
One distinguishing characteristics of Supermarkets is the display of varieties of goods including other non-food items such as medicines, cosmetics, ready-made garments, household goods with price tags clearly stated
market segmentation
consumer sovereignty
marketing mix
marketing research
Correct answer is B
Consumer sovereignty is an economic concept where the consumer has some controlling power over goods that are produced, and the idea that the consumer is the best judge of their own welfare.
Trade fairs and exhibitions are media of
sales promotion
customer service
market segmentation
advertising
Correct answer is A
No explanation has been provided for this answer.
Advertising efforts geared towards a particular audience is known as
mass advertising
direct advertising
persuasive advertising
indirect advertising
Correct answer is B
No explanation has been provided for this answer.
A contract made between a ship owner and a merchant for the carriage of cargo is
ships' manifest
charter party
freight forward
cargo service
Correct answer is B
No explanation has been provided for this answer.