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.
The major components of modern retailing include?
branding, doorstep selling and customer stimulation
branding, sales promotion and mail order
chain store, customer stimulating and doorstep selling
branding, supermarkets and after sales-service
Correct answer is D
Modern retail stores include discount stores, hypermarkets, supermarkets, department stores, specialty stores, convenience stores.
Primary production is associated with?
banking
manufacturing
agriculture
construction
Correct answer is C
Primary production encompasses agricultural activities, aquaculture, fisheries, and similar processes resulting in raw food materials.
Resources harnessed in certain proportion to create goods and services are?
factors of production
technology and labour
land and entrepreneur
raw materials
Correct answer is A
The factors of production are resources that people use to produce goods and services. They include land, labor, capital, and entrepreneurship.
The service of a textile worker are an example of?
extractive activity
commercial activity
manufacturing
construction
Correct answer is C
Textile Workers perform routine tasks in fabric and textile factories, such as cutting canvas, upholstery and curtain fabrics, delivering materials to machines, etc. They are grouped under the manufacturing industry.
An aid to trade associated with communications is?
advertisement
transportation
warehousing
insurance
Correct answer is A
Communication as an aid to trade helps in the passing of information from one person to another. Buying and selling goods requires communication between two or more persons.
Communication works hand-in-hand with advertisement which is the creating of awareness about the existence of new and old goods.