Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1,151.

Which of the following is an objective of indigenization policy? To

A.

prevent all foreign interference in business

B.

encourage local participation in business

C.

prevent smuggling

D.

encourage more production

Correct answer is D

No explanation has been provided for this answer.

1,152.

Abuse and monopoly of power by industrialists could lead to

A.

privatization

B.

commercialization

C.

nationalization

D.

indigenization

Correct answer is C

No explanation has been provided for this answer.

1,154.

Which of the following is not an obstacle to the achievement of the objectives of ECOWAS

A.

lack of capital

B.

sabotage by other organizations

C.

lack of commitment of member states

D.

slow pace of development of member countries

Correct answer is D

No explanation has been provided for this answer.

1,155.

When consumers are unaware of the quality of a product, the best advertising technique to use is

A.

informative advertising

B.

competitive advertising

C.

direct advertising

D.

indirect advertising

Correct answer is C

No explanation has been provided for this answer.