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Commerce Past Questions and Answers

Neco Commerce Questions

Question 111:
Grouping consumers based on their purchasing habits is called market ____________
  • A Development
  • B Expansion
  • C Orientation
  • D Segmentation
  • E Selection
View Answer & Explanation
Question 112:
A statement of the current price and terms of trade of a product or service is called ____________
  • A Debit note
  • B Letter of inquiry
  • C Order form
  • D Quotation
  • E Statement of account
View Answer & Explanation
Question 113:
The compensation made to an insured for loss incurred in insurance is called ____________
  • A Commission
  • B Indemnity
  • C Interest
  • D Pooling risks
  • E Premium
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Question 114:
What is the fastest means of sending documents from one place to another ____________
  • A Courier services
  • B Express letters
  • C Parcels
  • D Quick delivery
  • E Registered letters
View Answer & Explanation
Question 115:
Which document is used to advertise shares to the general public?
  • A Letter of Allotment
  • B Memorandum and Article Associations
  • C Newspaper
  • D Prospectus
  • E Radio and television
View Answer & Explanation