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.
balance of payments
balance of trade
comparative cost advantage
comparative advantage
Correct answer is A
No explanation has been provided for this answer.
The rate at which a country's exports exchange for its imports is called
balance of payments
balance of trade
terms of payment
terms of trade
Correct answer is D
No explanation has been provided for this answer.
What is the major function of the wholesaler?
buying from small-scale producers and selling to exporters
buying in bulk and selling in small quantities
granting of credit facilities to retailers
providing information to manufacturers on market situation
Correct answer is B
No explanation has been provided for this answer.
The use of coin-operated machines to sell goods is a form of
personal selling
retailing
wholesaling
mail-order selling
Correct answer is B
No explanation has been provided for this answer.
Sole enterprise may flourish best in
a mining business
a retailing business
an oil exploration business
a car assembly business
Correct answer is B
A sole enterprise means a one-man business and such businesses mostly excel in the retail line.