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.

2,101.

A trade agreement in which two countries exchange goods and services is known as?

A.

export trade

B.

bilateral trade

C.

multilateral trade

D.

entrepot trade

E.

barter trade

Correct answer is B

No explanation has been provided for this answer.

2,102.

The most important function of the retailer is to?

A.

sell goods on credit

B.

operates on weekends and public holidays

C.

make goods available in units

D.

buy from wholesalers

E.

operate at convenient places

Correct answer is C

No explanation has been provided for this answer.

2,103.

Which of the following abbreviations permit the drawer of a document to correct any errors therein?

A.

V. A. T

B.

C. I. F

C.

E. O. E

D.

I. O. U

E.

C. W. O

Correct answer is C

No explanation has been provided for this answer.

2,104.

Which of the following has the main objective to differentiate between similar products from different manufacturers?

A.

Branding

B.

Wrapping

C.

Packaging

D.

Mark up

E.

Display

Correct answer is A

No explanation has been provided for this answer.

2,105.

When a motor dealer undertakes routine maintenance of costumers' vehicles, he is offering?

A.

self - service

B.

pre - sales services

C.

after - sales service

D.

automobile service

E.

free service

Correct answer is C

No explanation has been provided for this answer.