Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following ancillary service helps to maintain close contact between buyers and sellers?
Tansport
Insurance
Banking
Communication
Advertising
Correct answer is D
No explanation has been provided for this answer.
The following factor must be considered before setting up a retail business except?
capital
experience
location
size of market
public relationship
Correct answer is E
No explanation has been provided for this answer.
Franking
Collating
Sorting
Trimming
Shredding
Correct answer is A
No explanation has been provided for this answer.
Bonded warehouse are controlled by?
wholesale merchants
Co-operative wholesale society
Shipping and forwarding agencies
Customs and Excise authorities
Freight forwarders
Correct answer is D
No explanation has been provided for this answer.
Parties to bill of exchange that is endorsed to a third party are the?
drawer, payee, creditor
drawer, drawee, debtor
payee, drawee, debtor
drawer, drawee, payee
creditor, debtor, drawer
Correct answer is D
No explanation has been provided for this answer.