Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following implies that the price quoted includes the cost of insurance and carriage?
F.O.B
F.A.S
C.O.D
C.I.F
Correct answer is D
No explanation has been provided for this answer.
Which of the following is the most suitable channel of distribution for technical goods?
manufacturer-retailer-consumer
manufacturer-wholesaler-retailer-consumer
manufacturer-wholesaler-consumer
manufacturer-consumer
Correct answer is D
No explanation has been provided for this answer.
Which of the following can be sold through a vending machine?
cigarettes
shirts
handbags
shoes
Correct answer is A
No explanation has been provided for this answer.
Business losses in nationalized industries are borne by the
Shareholders
Debenture holders
Board of directors
Public
Correct answer is D
No explanation has been provided for this answer.
The task of grouping consumers according to their buying habits is known as market
diversification
development
expansion
segmentation
Correct answer is D
No explanation has been provided for this answer.