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Commerce Past Questions and Answers

Commerce Questions

Question 3771:
One of the disadvantages of selling on credit is
  • A Reduction in turnover
  • B Reduction in profit
  • C Increase in liquidity
  • D Bad debts
View Answer & Explanation
Question 3772:
A number of shops under one roof is a
  • A Chain store
  • B Department store
  • C Discount store
  • D Unit store
View Answer & Explanation
Question 3773:
An organization of producers of similar produces, which controls output with the intention to fix price is a
  • A Trust
  • B Syndicate
  • C Consortium
  • D Cartel
View Answer & Explanation
Question 3774:
One of the functions of a trade association is to
  • A Provide infrastructure for members
  • B Provide employment for members
  • C Promote members' welfare
  • D Pay members' salaries
View Answer & Explanation
Question 3775:
The practice of selling goods to a foreign country at lower prices than obtainable in the exporting country is
  • A Speculation
  • B Skimming
  • C Hedging
  • D Dumping
View Answer & Explanation