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.
Which of the following would be necessary before the introduction of a new product?
Product differentiation
Target marketing
Market research
Market segmentation
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a means by which a contract of agency could be terminated?
Mutual agreement
Lack of consideration
Failure to insure the contract
Payment of commission
Correct answer is D
No explanation has been provided for this answer.
Which of the following makes it an offense for a trader to make untrue statement about his goods?
Consumerism
Consumer Credit Act
Trade Description Act
Price Control Act
Correct answer is A
No explanation has been provided for this answer.
Commercial activities among West African countries are greatly hindered by
nationalization decree
lack of an acceptable medium of exchange
good road network
too many commercial banks
Correct answer is B
No explanation has been provided for this answer.
The people involved in the formation of new companies are called?
members
directors
shareholders
promoters
Correct answer is C
No explanation has been provided for this answer.