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.
The document of title to goods being shipped abroad is known as
consignment note
ships manifest
bill of entry
bill of lading
Correct answer is D
A bill of lading a document issued by a carrier that lists goods being shipped and specifies the terms of their transport. Note: A bill of lading serves as a receipt for the goods, a contract for the transport of the goods, and a document of title showing that the person in possession of the bill has title to the goods.
Which of the following is an advertising function?
Packaging
Persuading
Grading
Segmenting
Correct answer is B
Advertising promotes the sale of goods and services by informing and persuading the people to buy them. A good advertising campaign helps in winning customers and generating revenues.
Which of the following is a more suitable medium for advertising a new tractor?
Radio
Poster
Neon sign
Trade fair
Correct answer is D
Trade fair; is an exhibition at which businesses in a particular industry promote their products and services.
The enterprise whose main objective is to provide the public with essential services is known as
cooperative society
partnership
private company
public corporation
Correct answer is D
"Public corporation" means an entity that is created by the state to carry out public missions and services.
What is the name of a service where a bank makes regular payment on behalf of its customers
Direct debit
Credit transfer
Standing order
Bank draft
Correct answer is C
Standing order; is an instruction to a bank by an account holder to make regular fixed payments to a particular person or organization.