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.
To make a simple contract valid, the intention must be?
legal and written
legal and binding
legal and attractive
legal and harmonious
Correct answer is B
A valid contract is a written or expressed agreement between two parties to provide a product or service. The contact must be legal and binding on the contracting parties for it to be valid
The slogan, a wonderful world, used by a communication network is a form of?
product differentiation
persuasive advertising
publicity
packaging
Correct answer is B
persuasive advertising: A type of product promotion that attempts to influence a consumer in favor of a purchasing particular good or service.
Activities undertaken to create awareness for goods by conducting contest is?
marketing concept
consumerism
sales promotion
marketing mix
Correct answer is C
Sales promotion is the process of persuading a potential customer to buy the product. Examples include contests, coupons, freebies, loss leaders, point of purchase displays, premiums, prizes, product samples, and rebates.
The variety of goods and services which a company offers for sale is its?
place mix
promotion mix
price mix
product mix
Correct answer is D
Product mix, also known as product assortment, refers to the total number of product lines a company offers to its customers.
organizational structure
clarity of objective
unity of direction
line structure
Correct answer is A
An organizational structure is a system that outlines how certain activities are directed in order to achieve the goals of an organization. These activities can include rules, roles, and responsibilities. The organizational structure also determines how information flows between levels within the company.