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.
i, ii and iii only
i, ii and iv only
i and ii only
ii and iii only
Correct answer is C
The extractive industry involves all kinds of works concerned with the extraction of natural resources from the soil, the sea, or forest e.g. farming, fishing, hunting, lumbering, mining, quarrying, etc.
Option C is the correct answer from the given options
A person who invented a new machine for making beverages may protect his exclusive right by
labelling the product
obtaining a patent
choosing a name for the product
obtaining a trade mark
Correct answer is B
A patent is an exclusive right granted for an invention, which could be a product or a process that provides a new way of doing something
D10,000.00
9,800.00
D5,000.00
D4,900.00
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a favorable condition under which personal selling can be practiced?
When advertising entails relatively high costs
When the market is concentrated
When the market is dispersed
When personal touch is needed
Correct answer is C
No explanation has been provided for this answer.
People who sell shares in anticipation of a fall in their value are called
bears
bulls
brokers
jobbers
Correct answer is A
No explanation has been provided for this answer.