What is NOT a function of a retailer?
- A. granting credit to consumers
- B. guiding the consumers in making their choices
- C. insuring goods for consumers
- D. paying personal attention to consumers
- E. providing goods wanted by the consumers
What is NOT a function of a retailer?
- A. granting credit to consumers
- B. guiding the consumers in making their choices
- C. insuring goods for consumers
- D. paying personal attention to consumers
- E. providing goods wanted by the consumers
A document which makes it obligatory on the part of the seller to supply the goods or services if the inquirer accepts the conditions stated therein is called Alan
- A. inquiry
- B. order
- C. invoice
- D. quotation
- E. receipt
A document which makes it obligatory on the part of the seller to supply the goods or services if the inquirer accepts the conditions stated therein is called Alan
- A. inquiry
- B. order
- C. invoice
- D. quotation
- E. receipt
What is NOT an advantage of direct distribution of goods to the consumer by the manufacturer?
- A. closer contact market trends, etc.
- B. decrease in bad debts
- C. greater intensiveness of the sales campaign
- D. no trading discounts need be allowed
- E. sales are more accurately and efficiently made to the consumer
What is NOT the function of an entrepreneur?
- A. bearing risks
- B. deciding on tax to pay
- C. deciding what to produce
- D. organizing other factors
- E. providing initial capital
The word ‘Commerce’ means
- A. buying and selling of goods and services
- B. exchange and distribution of goods and services
- C. life-blood of every nation
- D. production of utilities
- E. trade and all the services which assist trade
The Articles of Association of a company do NOT contain
- A. a method of dealing with any alterations in the amount of capital
- B. a method of sharing profits and the payment of dividends
- C. a procedure for calling general meeting/method of voting
- D. the amount of the authorized capital, showing its division into shares
- E. the issue, transfer and forfeiture of shares
The Articles of Association of a company do NOT contain
- A. a method of dealing with any alterations in the amount of capital
- B. a method of sharing profits and the payment of dividends
- C. a procedure for calling general meeting/method of voting
- D. the amount of the authorized capital, showing its division into shares
- E. the issue, transfer and forfeiture of shares
The feature of a supermarket is
- A. having central control from head-office
- B. sales common household goods
- C. sales of goods without owning shops
- D. similarity in shops’ frontages
- E. that there are many shops under a roof
The bringing of ownership and management of a former private industry under the control of the government is called
- A. corporation
- B. industrialization
- C. nationalization
- D. participation
- E. privatization
Ships that pick up cargo from any port and travels anytime are called
- A. cargo ships
- B. ferries
- C. steamers
- D. tankers
- E. tramps
What is the cost of goods sold?
- A. N 2220
- B. N 2500
- C. N 2800
- D. N 4000
- E. N 4300
What is the cost of goods sold?
- A. N 2220
- B. N 2500
- C. N 2800
- D. N 4000
- E. N 4300
The advertising medium which uses electric current in bulbs is referred to as
- A. bill boards
- B. neon signs
- C. posters
- D. television
- E. video
The advertising medium which uses electric current in bulbs is referred to as
- A. bill boards
- B. neon signs
- C. posters
- D. television
- E. video
Which of the following is NOT part of the marketing mix?
- A. personnel
- B. place
- C. price
- D. product
- E. promotion
Which of the following is NOT part of the marketing mix?
- A. personnel
- B. place
- C. price
- D. product
- E. promotion
The sum which the insured pays periodically to his insurance company is called
- A. a brokerage
- B. a commission
- C. an indemnity
- D. a policy
- E. a premium
A voluntary association of business executives, trader men, entrepreneurs and others in a city, town or country is called a
- A. chamber of commerce
- B. consumers association
- C. manufacturers association
- D. trade association
- E. trade union
Which of the following CANNOT be sold through a vending machine?
- A. ice-cream
- B. shoes
- C. snacks
- D. tea
- E. tickets