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.
A seller quoting his goods loco price means that
all charges are borne by the seller
all charges are borne by the buyer
the seller pays carriage as far as the buyers warehouse
the price includes cost, insurance and freight
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not suitable for hire purchase?
Textiles
Furniture
Refrigerators
Printing machine
Correct answer is A
No explanation has been provided for this answer.
rate at which the central bank discounts first class bills
rate at which a country's exports exchange for its imports
expected rate of returns on an investment
rate of payment for goods and services purchased
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a feature peculiar multiple shops?
Central Location
Self Service
Central Buying
One stop shopping
Correct answer is C
No explanation has been provided for this answer.
A manufacturer of goods that are seasonally demanded will be in dire need of a
wealthy customer
suitable means of transport
warehouse
large house frontage
Correct answer is B
No explanation has been provided for this answer.