Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

2,986.

The focal point of the marketing efforts is the

A.

seller

B.

profit

C.

product

D.

buyer

Correct answer is D

No explanation has been provided for this answer.

2,987.

The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called

A.

simplification

B.

standardization

C.

specialization

D.

satisficing

Correct answer is B

No explanation has been provided for this answer.

2,988.

The main role of advertising is to

A.

convince prospective buyers to buy

B.

show the actual shape, form and colour of the products

C.

inform people where to obtain goods and services

D.

captured the attention of people

Correct answer is A

No explanation has been provided for this answer.

2,989.

Modern business philosophy emphasizes

A.

quality products

B.

customer satisfaction

C.

sales volume

D.

public relations

Correct answer is B

No explanation has been provided for this answer.

2,990.

A wholesaler dealer in securities is known as a

A.

stockborker

B.

speculator

C.

jobber

D.

stag

Correct answer is C

No explanation has been provided for this answer.