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.
The value of a product expressed in monetary terms is known as
utility
price
Premium
commission
interest
Correct answer is B
No explanation has been provided for this answer.
A retail co-operative society aims at
encouraging members to save money
buying seeds and fertilizers
Manufacturing goods as cheaply
lending money to members at low rate of interest
cutting off the profits of middlemen
Correct answer is E
No explanation has been provided for this answer.
Which of the following is not true of a private limited company?
The minimum number of shareholders is two
its shares are freely transferable
There is a limit to the number of shareholders
it is following separate legal entity
it is a registered business
Correct answer is B
No explanation has been provided for this answer.
i, ii and v only
ii, iii and v only
iii, iv and v only
i, ii and iv only
ii, iii and iv only
Correct answer is B
No explanation has been provided for this answer.
Nature of the product
Identification of potential customers
Operating costs
Existing local channel of distribution
Provision of credit facilities to customers
Correct answer is E
No explanation has been provided for this answer.