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.

3,036.

An agent must not make any secret profit in the performance of his duties but can be rewarded by his principal through

A.

remuneration and indemnity

B.

payments of commision and salary

C.

granting of business concessions

D.

forwarding of business links

Correct answer is B

No explanation has been provided for this answer.

3,037.

Personnel activities that promote the general image of an organization are part of

A.

advertising

B.

sales promotion

C.

public relations

D.

business correspondence

Correct answer is C

No explanation has been provided for this answer.

3,038.

The oral presentation iv a conversation with one or more prospective buyers for the purpose of making sales is

A.

branding of goods

B.

personal selling

C.

packaging

D.

publicity

Correct answer is B

No explanation has been provided for this answer.

3,039.

Product X was introduced into the market at N4.00 with its cost of product at N3.90 while competing products are at N4.50. What pricing policy are producers of X adopting?

A.

market skimming

B.

market penetration

C.

product live promotion

D.

above the market pricing

Correct answer is A

No explanation has been provided for this answer.

3,040.

An underlined principle in the marketing of goods is that firms should

A.

Train their personnel

B.

be consumers oriented

C.

advertise the goods

D.

sell through outlets

Correct answer is B

No explanation has been provided for this answer.