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.
ownership was transfered on completeion of installment
ownership was transfered on delivery
Yahaya could not pass title to a third party
Ali was still indebted to Yahaya
Correct answer is B
Ahmed lost ownership of the property the moment he transferred ownership to yahaya whether he was fully compensated or not.
commission agent
del credere agent
broker
factor
Correct answer is B
Del Credere Agent Law and Legal Definition. A del credere is an agent who guarantees the solvency of third parties with whom the agent contracts on behalf of the principal.
Good and services are made available to consumers through
the channel of distribution
sales promotion
the advertising agency
the middle men
Correct answer is A
A distribution channel is a chain of businesses or intermediaries through which a good or service passes until it reaches the final buyer or the end consumer.
An organization which focuses on consumer satisfaction is practicing
consumerism
market segmentation
selling concept
marketing concept
Correct answer is D
The marketing concept is the philosophy that firms should analyze the needs of their customers and then make decisions to satisfy those needs, better than the competition.
One of the characteristics of a good organizational chart is that it should
be rigid
show government policy
facilitate communication
be acceptable
Correct answer is C
Features of a Good Organisational Structure: