A term embracing buying, selling and distributing of goods and services is known as?
- A. wholesale trade
- B. retail trade
- C. commerce
- D. market mix
- E. marketing concept
A trade agreement in which two countries exchange goods and services is known as?
- A. export trade
- B. bilateral trade
- C. multilateral trade
- D. entrepot trade
- E. barter trade
The most important function of the retailer is to?
- A. sell goods on credit
- B. operates on weekends and public holidays
- C. make goods available in units
- D. buy from wholesalers
- E. operate at convenient places
Which of the following abbreviations permit the drawer of a document to correct any errors therein?
- A. V. A. T
- B. C. I. F
- C. E. O. E
- D. I. O. U
- E. C. W. O
Which of the following has the main objective to differentiate between similar products from different manufacturers?
- A. Branding
- B. Wrapping
- C. Packaging
- D. Mark up
- E. Display
When a motor dealer undertakes routine maintenance of costumers’ vehicles, he is offering?
- A. self - service
- B. pre - sales services
- C. after - sales service
- D. automobile service
- E. free service
Which of the following is the primary purpose of a business concern? To
- A. make maximum profit for itself and the share holders
- B. provide goods and services to customers at a profit for itself and shareholders
- C. supply essential commodities at a profit
- D. make a goods and services available to the poor at a profit
- E. ensure even development of a country
The provision of all kinds of services is related to?
- A. primary production
- B. secondary production
- C. territorial production
- D. construction
- E. tertiary production
When payments is required for goods at the time order is placed, the term of payment quoted is?
- A. C.O.D
- B. C.W.O
- C. C.I.F
- D. F.O.R
- E. F.O.B
Which of the following saves consumers the time and cost involved in travelling to commercial centres for shopping?
- A. Department store
- B. Supermarket
- C. Mobile shop
- D. Wholesale stores
- E. Stall holder
A group of retailing shops under one management and selling then same products is known as?
- A. multiple shop
- B. supermarket
- C. department stores
- D. variety store
- E. unit shop
A group of retailing shops under one management and selling then same products is known as?
- A. multiple shop
- B. supermarket
- C. department stores
- D. variety store
- E. unit shop
Which of the following is an investor earns profit on the basis of his patronage?
- A. debenture holder
- B. partner
- C. sole proprietor
- D. co-operative member
- E. shareholder
Which of the following is an investor earns profit on the basis of his patronage?
- A. debenture holder
- B. partner
- C. sole proprietor
- D. co-operative member
- E. shareholder
Which of the following is not true of a sole proprietorship?
- A. It has a separate legal entity
- B. It has unlimited liability
- C. It has a slim chances of expansion
- D. The capital is small
- E. It can convert into a company
Into which of the following two broad areas can trade be divided?
- A. home and foreign trade
- B. home and retail trade
- C. wholesale and retail trade
- D. foreign and wholesale trade
- E. import and exports
The three main division of production are?
- A. extraction, manufacturing and construction
- B. import, export and entrepot
- C. industry, commerce and direct service
- D. industry, trade and direct service