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 relationship between partners is stipulated in the
Memorandum of Association
Article of Association
Partnership Deed
Certificate of Incorporation
Correct answer is C
No explanation has been provided for this answer.
The buying and selling of goods and services within a country is called
counter trade
entrepot trade
foreign trade
home trade
Correct answer is D
No explanation has been provided for this answer.
Which of the following services is not offered to retailers by wholesalers?
Keeping them informed of the demands of consumers
Keeping them informed of new products
Offering a wide range of products
Granting credit
Correct answer is A
No explanation has been provided for this answer.
Product differentiation is achieved by
packaging and branding
packaging and grading
market segmentation
outdoor advertising
Correct answer is A
No explanation has been provided for this answer.
Which of the following statements cannot be found in a partnership deed?
Names of partners
Nature of business
Payment of tax
Interest on capital
Correct answer is C
No explanation has been provided for this answer.