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.

1,741.

If Baba is forced to agree go the terms of a contract at gun point, the contract is entered into?

A.

under duress

B.

through frustration

C.

through misrepresentation

D.

by mistake

Correct answer is A

No explanation has been provided for this answer.

1,742.

The grading of products to satisfy different buyers is referred to as?

A.

product mix

B.

product differentiation

C.

product concept

D.

product line

Correct answer is C

No explanation has been provided for this answer.

1,743.

Which of the following types of cheque protects the holder against the risk of loss?

A.

Open cheque

B.

Bearer cheque

C.

Post dated cheque

D.

Crossed cheque

Correct answer is D

No explanation has been provided for this answer.

1,744.

Which of the following is a customer service?

A.

Delivery

B.

Merchandizing

C.

Branding

D.

Market research

Correct answer is B

No explanation has been provided for this answer.

1,745.

ECOWAS is form of?

A.

economic union

B.

political union

C.

trade union

D.

free trade association

Correct answer is A

No explanation has been provided for this answer.