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.
Governments impose import duties for the following reasons EXCEPT
to raise revenue for other services
to act as a retaliatory measure against other governments
to discourage the redistribution of income at home
to protect home industries from external competition
Correct answer is C
No explanation has been provided for this answer.
What are fixtures and fittings in a balance sheet?
liquid capital
current assets
fixed assets
working capital
Correct answer is C
No explanation has been provided for this answer.
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