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Commerce Past Questions and Answers

Commerce Questions

Question 1991:
A group of trims that produce similar goods or sen/ices is called?
  • A An industry
  • B A trade association
  • C A cartel
  • D A holding company
  • E An amalgam
View Answer & Explanation
Question 1992:
Retail outlets which sell from specialised vans are
  • A Supermarkets
  • B Multiple shops
  • C Mail orderfirms
  • D Department stores
  • E Mobile shops
View Answer & Explanation
Question 1993:
Which of the following is a problem facing mail order business?
  • A Expensive shop fronts
  • B Cost of postage and advertisement
  • C Commission to agents
  • D Increase in branded goods
  • E Increase in the variety of catalogues
View Answer & Explanation
Question 1994:
When the exporter arranges for the dispatch of goods but leaves the cost of transport to be paid by the importer, the price quoted is?
  • A Carriage forward
  • B Franco
  • C Loco
  • D Free on board
  • E A free alongside ship
View Answer & Explanation
Question 1995:
The practice of selling goods in foreign countries at lower prices than obtainable in the exporting country is known as?
  • A Hedging
  • B Black market
  • C Dumping
  • D Speculation
  • E Speculation
View Answer & Explanation