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.

1,696.

It is often said that "the consumer is always right" This describes the doctrine of?

A.

consumer movement

B.

consumer sovereignty

C.

caveat emptor

D.

consensus ad idem

Correct answer is B

No explanation has been provided for this answer.

1,697.

When all producers in an industry combine to advertise their product instead of each firm advertising its own brand, this is referred as?

A.

mass advertising

B.

competitive advertising

C.

persuasive advertising

D.

direct advertising

Correct answer is A

No explanation has been provided for this answer.

1,698.

A retailer sells his product at "Buy-two-take three" The sales promotion method referred to is?

A.

free sample

B.

gift

C.

premium

D.

trade

Correct answer is C

No explanation has been provided for this answer.

1,699.

One disadvantage of of rail transport is?

A.

suitability for fragile goods

B.

obsence of pilferage

C.

vulnerability to severe weather

D.

inflexibility

Correct answer is D

No explanation has been provided for this answer.

1,700.

A transporter who does not reject carrying lawful goods to destination is?

A.

tramp vessel

B.

ocean liner

C.

Common carrier

D.

private carrier

Correct answer is C

No explanation has been provided for this answer.