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.
Which of these is both merit and demerit in partnership?
The number of partners
It unlimited nature
The bearing of risk
The withdrawal of a major partner
Correct answer is A
No explanation has been provided for this answer.
The term Plc implies that the are available
to the public at the company
privately on the stock exchange
publicly on the stock exchange
publicly in commericial banks
Correct answer is C
No explanation has been provided for this answer.
The application of division of labour should generally bring about
increase in the quantity of goods and service
increase in the variety of goods and services
cheapness of goods and services
cost efficiency in the production of goods and services
Correct answer is A
No explanation has been provided for this answer.
making goods avaiable where and when needed
changing the form of goods, moving and making them avaiable as needed
the manufacturing of goods and provision of services
the assembling of all necessary parts to produce a finished product
Correct answer is B
Product refers to the item actually being sold and any item that intends to satisfy the needs and wants of a target customer. It can be a tangible good, such as a clothing item or piece of software, or intangible, like a service or experience (think legal services or a cruise).
It begins at the point of production where it is changed from one form to another, to the point where they are made available to consumers
The major factors that facilitate merchandising are
commuincation , advertising and banking
trading, warehousing and production
management, insurance, and advertising
banking, insurance and transportation
Correct answer is D
No explanation has been provided for this answer.