Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following is not a principle of insurance
indemnity
insurable risk
Subrogation
Insurable interest
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not provided by the post office?
Recorded delivery service
Business reply service
Express delivery service
After sales service
Correct answer is A
No explanation has been provided for this answer.
The practice whereby a firm prepays the postage for the response of its customers is known as
express delivery
post restante
recorded delivery service
business reply service
Correct answer is B
No explanation has been provided for this answer.
A distinctive feature of a personal selling is the
face to face meeting of seller and buyer
selling of cheap items only
sale of industrial goods only
hawking of goods
Correct answer is A
No explanation has been provided for this answer.
People who are against advertising claim that it
widens the market for consumer goods
encourages consumers to buy what they do not need
emphasizes the good feature of a particular product
promotes competion among firms
Correct answer is D
No explanation has been provided for this answer.