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.
In insurance the term Uberrimae fidei stands for?
utmost good faith
suborgation
insurable interest
indemnity against loss
proximate cause
Correct answer is A
No explanation has been provided for this answer.
When a business is insolvent it may result in?
incorporation
recuperation
liquidation
restoration
nationalization
Correct answer is C
No explanation has been provided for this answer.
The organization of Petroleum Exporting Countries(OPEC) is an example of a?
cartel
trust
holding company
consortium
chamber of commerce
Correct answer is A
No explanation has been provided for this answer.
An individual who makes the final use of goods and services provided by a firm is the?
manufacturer
wholesaler
consumer
retailer
trader
Correct answer is C
No explanation has been provided for this answer.
The main purpose of branding is to?
increase the quantity of goods demanded
differentiate goods from other similar goods made by other producers
increase the selling price of goods
enhance turnover of goods
introduce the product to the customers
Correct answer is B
No explanation has been provided for this answer.