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Commerce Past Questions and Answers

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Commerce Questions

Question 2196:

Which of the following functions of the wholesaler helps to stabilize prices

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A Financing
B Advice to retailers
C Provision of credit
D Advertising
E Warehousing

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Question 2197:

The rebate given to the retailer by the wholesaler to enable him make profit is known as

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A Commission
B Mark-up
C Trade discount
D Cash discount
E Credit guarantee

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Question 2198:

Division of labour often results in

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A A decrease in production
B An increase in production
C Waste of time
D Uneconomic use of tools
E Greater craftsmanship

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Question 2199:

Who among the following is not an agent?

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A Broker
B Factor
C Jobber
D Manufacturer's representative
E Aunctioneer

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Question 2200:

Who among the following comes first in the channel of distribution?

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A Consumer
B Retailer
C Consignor
D Manufacturer
E Wholesaler

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