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1.
The central focus of commercial activities is?
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A.
pricing
B.
advertising
C.
trading
D.
marketing

2.
An aid to trade associated with communications is?
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A.
banking
B.
transportation
C.
warehousing
D.
insurance

3.
The service of a textile worker are an example of?
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A.
extractive activity
B.
commercial activity
C.
manufacturing
D.
construction

4.
Resources harnessed in certain proportion to create goods and services are?
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A.
factors of production
B.
technology and labour
C.
land and entrepreneur
D.
raw materials

5.
Primary production is associated with?
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A.
banking
B.
manufacturing
C.
agriculture
D.
construction

6.
The major components of modern retailing include?
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A.
branding, doorstep selling and customer stimulation
B.
branding, sales promotion and mail order
C.
chain store, customer stimulating and doorstep selling
D.
branding, supermarkets and after sales-service

7.
A chain store usually combines the features of?
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A.
mulitiple shops and departmental stores
B.
hypermarkets and stalls
C.
multiple shops and hypermarkets
D.
mail order business and multiple stops

8.
One of the functions of the wholesaler is to?
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A.
forecast prices
B.
reduce prices of goods
C.
promote sales
D.
analyse sales periodically

9.
An artificial barrier to international trade is?
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A.
political unrest
B.
culture of the people
C.
units of measurement
D.
custom duties

10.
The most commonly used commercial documents are?
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A.
order notes, debit notes, invoices and quotations
B.
letters of enquiry, consignment notes, receipts and invoices
C.
credit notes, statement of accounts, depatch order and bills
D.
balance sheet, receipts, invoices and manifest

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