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 business is in existence primarily to?
make profit
provide goods amd services
provide employment
complete with others in business
sell goods at reasonable prices
Correct answer is A
No explanation has been provided for this answer.
Which of the following statements best describes net profit? The excess of
total revenue over total expenditure
total capital income over expenditure
sales over purchases
total capital formation over capital consumption
total expenditure over total revenue
Correct answer is A
No explanation has been provided for this answer.
Which of the following is sent as a reply to an inquiry?
Tender
Estimate
Statement
Advice note
Quotation
Correct answer is E
No explanation has been provided for this answer.
Efforts geared towards establishing and maintaining good image for a company is termed?
human relations
professional relations
public relations
trade relations
personnel relations
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a form of sales promotion?
Promotion through radio
Advertising by television
Distributing printed sales literature
Offering free samples to customers
Advertising by posters
Correct answer is D
No explanation has been provided for this answer.