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 coming together of two or more firms at different stages of production is?
horizontal merger
vertical merger
amalgamation
cartel
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a source of finance to a sole proprietor?
Trade Credit
Overdrafts
Debentures
Leasing of equipment
Correct answer is D
No explanation has been provided for this answer.
Which of the following can be defined as trade and aids to trade?
Advertising
Commerce
Wholesaling
Retailing
Correct answer is B
No explanation has been provided for this answer.
Which of the following is a means of payment to persons abroad through the post office?
Postal order
Cheque
bank draft
Telegraphic money order
Correct answer is D
No explanation has been provided for this answer.
The law by which the seller transfers the property in goods to the buyer at an agreed price is the?
Hire purchase Act
Trade Description Act
Foods and Drugs Act
Sale of Good Act
Correct answer is A
No explanation has been provided for this answer.