Commerce | Study Mode

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Question 1
A
branding 
B
standardization 
C
publicity 
D
advertising 
Explanation.
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Branding is the process of creating a strong, positive perception of a company, its products or services in the customer's mind by combining such elements as name, logo, design, mission statement, and a consistent theme throughout all marketing communications.

The marketing practice of creating a name, symbol or design that identifies and differentiates a product from other products.


Correct Option:
A
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Question 2
A
del credere 
B
guarantors fee 
C
jobber's turn 
D
brokerage 
Explanation.
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Adel credere agencyis a type of principal-agentrelationship wherein theagentacts not only as a salesperson or broker for the principal, but also as a guarantor of credit extended to the buyer.


Correct Option:
A
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Question 3
A
adjuster 
B
accessor 
C
underwriter 
D
an actuary 
Explanation.
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Anactuaryis a business professional who deals with the measurement and management of risk and uncertainty


Correct Option:
D
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Question 4
A
invisible export 
B
invisible imports 
C
visible export 
D
balance of payment 
Explanation.
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Invisible export is Anyexportthat does not have a tangible physical presence (e.g. expertise, insurance underwriting). Although physical imports exceededexports, wheninvisible exportswere accounted for the balance of payments was healthy.


Correct Option:
A
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Question 5
A
market analysis 
B
market penetration 
C
market segmentation 
D
market research 
Explanation.
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Market segmentationis the process of dividing amarketof potential customers into groups, or segments, based on different characteristics.


Correct Option:
C
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Question 6
A
insurance 
B
transport 
C
advertising 
D
warehousing 
Explanation.
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Warehousingis the act of storing goods thatwillbe sold or distributed later. While a small, home-based business might bewarehousingproducts in a spare room, basement, or garage, larger businesses typically own or rent space in a building that is specifically designed for storage. produced goods are stored ahead of demand by consumers


Correct Option:
D
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Question 7
A
commercialization 
B
indigenization 
C
privatization 
D
nationalization 
Explanation.
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Nationalization is the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state


Correct Option:
D
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Question 8
A
16 
B
12 
C
10 
D
Explanation.
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Today the Niger Basin Authority is a regional economic institution formed bynine countriesof West Africa and Central Africa: Benin, Burkina Faso, Cameroon, Chad, Ivory Coast, Guinea, Mali, Niger, and Nigeria.


Correct Option:
D
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Question 10
A
consumer association 
B
trade union 
C
trade association 
D
chamber of commerce 
Explanation.
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Atrade associationis a body representing organizations within the sametrade. It aims to protect their collective interests, especially in negotiations with governments andtradeunions.


Correct Option:
C
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