Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following markets functions involves the actual movement of goods?
Exchange function
Distribution function
Facilitating function
Marketing information function
Stimulation function
Correct answer is B
No explanation has been provided for this answer.
Which of the following products is likely to have a low rate of turnover?`
Foodstuff
ball-pen
Soap and Detergent
Furniture
Newspaper
Correct answer is D
No explanation has been provided for this answer.
Which of the following functions is not performed by as small retailer?
Selling in units to consumers
Financing producers
Buying from wholesaler
Selling goods on credits
Stocking a variety of goods
Correct answer is B
No explanation has been provided for this answer.
Manufacturing ends when goods?
are advertised to the customers
and services are used by the producers
are packed and labelled
are sold in the markets
reach the final user
Correct answer is E
No explanation has been provided for this answer.
The minimum number of membership for a public limited company is?
two
seven
seventeen
twenty
fifty
Correct answer is B
No explanation has been provided for this answer.