Commerce Questions and Answers

A chamber of commerce (or board of trade) is a form of business network, for example, a local organization of businesses whose goal is to further the interests of the community

A chamber of commerce is an association or network of business people designed to promote and protect the interests of its members.

The Verbal Communication is a type of oral communication wherein the message is transmitted through the spoken words.

telephone is a verbal means of communication

sole proprietorship is solely financed by the owner and money from family and friends and most times it’s difficult to raise funds

The main disadvantages to being a sole proprietorship is raising of funds

Current account holder withdraws money using cheque, a cheque is an order to a bank to pay a stated sum from the drawer's account, written on a specially printed form.

A cheque is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.

Dumping is a term used in the context of international trade. It's when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter's domestic market

Exporting goods at prices lower than the home-market prices