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.
Any paid form of non-presentation of goods services by an identified sponsor is known as?
merchandising
advertising
publicity
public relations
sales promotion
Correct answer is B
No explanation has been provided for this answer.
A sales agreement whereby the buyer takes possession but not title to goods is called?
mortgage
auction sale
deferred payment
hire purchase
warranty
Correct answer is D
No explanation has been provided for this answer.
Which of the following is the quickest and most accurate means id communication?
Telegram
Express mail
Courier service
Telex
Railex
Correct answer is D
No explanation has been provided for this answer.
The difference between cost and selling prices gives?
Trading account
net profit/loss
gross profit or loss
appropriation
balance sheet
Correct answer is C
No explanation has been provided for this answer.
The abbreviation ECOWAS stands for?
Economic Community of West African States
Economic Communion of West African States
Economic Council Of West African States
Economics Council of West African States
Economics Cooperation of west African States
Correct answer is A
No explanation has been provided for this answer.