Commerce (2017) | Study Mode

Join Discuss Share to WhatsApp
Question 41
A
wholesale and entrepot trade
B
trade and aids-to-trade
C
wholesale and retail trade
D
home and foreign trade
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: B
Join Discuss Share to WhatsApp
Question 42
A
Demand
B
promotion
C
market
D
consumer
Explanation
Marketing can be defined as the controlling of variables that a firm makes use of in its policies in order to influence the buyer's choice and boost sales. The 4ps are Product, Price, Place and Promotion.

This is aimed at bringing the existed goods or products to the knowledge of those it is meant for. It is aimed at stipulating demand and increasing sales.

Correct option: B
Join Discuss Share to WhatsApp
Question 43
A
sole proprietorship
B
partnership
C
public company
D
co-operative society
Explanation
It applies the principle of democracy, whereby each member has one vote irrespective of the amount of money contributed

Correct option: D
Join Discuss Share to WhatsApp
Question 44
A
extractive
B
manufacturing
C
constructive
D
processing
Explanation
Deals with the transformation of raw materials into finished goods.

Correct option: B
Join Discuss Share to WhatsApp
Question 45
A
quantity
B
nature
C
quality
D
cost
Explanation
Is the phenomena of the physical.

Correct option: B
Join Discuss Share to WhatsApp
Question 46
A
exports become cheaper
B
expansion of local industries
C
increase in standard of living
D
increase in import
Explanation
Devaluation is the reduction of the value of a country's currency in terms if the value of the currencies of other nations of the world.

There will be a decrease in inputs as citizens will be spending more in buying goods from other countries.

Correct option: D
Join Discuss Share to WhatsApp
Question 47
A
packaging
B
warehousing
C
branding
D
advertising
Explanation
This is the act of storing goods produced.

Correct option: B
Join Discuss Share to WhatsApp
Question 48
A
capital, experience and trading
B
experience, term of trade, and trading
C
capital, trading and term of trade
D
capital, type of goods and source of supply
Explanation
Capital is one of the major factor that determines the form and size of a business and must be considered when starting a retail business.
Source of supply has to do with where and how to get the goods to be sold, either from the wholesaler or manufacturer.
Types of goods determines what the product is.

Correct option: D
Join Discuss Share to WhatsApp
Question 49
A
selling
B
delivering
C
advertising
D
marketing
Explanation
Is the act of conveying something. E.g. delivering goods to a customer.

Correct option: B
Join Discuss Share to WhatsApp
Question 50
A
economic responsibilities
B
marketing responsibilities
C
social responsibilities
D
managerial responsibilities
Explanation
This is the responsibility of an organisation to perform social benefits to the society at large.

Correct option: C

Try this quiz in in E-test/CBT Mode
switch to Commerce (2017) in CBT Mode

Previous Page Next Page