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.
A merchant wholesaler is one who?
takes title to the goods he sells
does not own the goods he sells
earns a commision for serving as an agent
sometimes makes retail sales
engages in merchandizing
Correct answer is A
No explanation has been provided for this answer.
When a seller sends pro-forma invoice to a potential customer, it is?
an indication that the seller is out of business
an indication that the goods are out of stock
a polite way of asking him to return the goods already purchased
an invitation to the purchaser to buy on hire-purchase
an indication that credit will not be granted
Correct answer is E
No explanation has been provided for this answer.
A documents which a retailer sends to a wholesaler requesting him to supply items is called?
a letter of inquiry
a catalogue
an invoice
an order
a tender invoice
Correct answer is D
No explanation has been provided for this answer.
The use of catalogues is associated with?
hawkers
roadside traders
mobile shops
chain stores
mail-order business
Correct answer is E
No explanation has been provided for this answer.
Which of the following is a retail outlet to eliminate the profit of middlemen?
Producer co-operative
Consumer co-operative
Thrift and Credit Society
Department store
Multiple shop
Correct answer is B
No explanation has been provided for this answer.