Small-scale retailers continue to exist in spite of the dominance of large firms because they
- A. render personal service
- B. employ few salesmen
- C. can raise large capital from relatives
- D. deal in specific goods
The target of all marketing activities is the
- A. consumer
- B. middleman
- C. producer
- D. distributor
The target of all marketing activities is the
- A. consumer
- B. middleman
- C. producer
- D. distributor
Consumer protection council places an obligation on producers to ensure that their products
- A. are wholesome and safe
- B. are cheap
- C. do not evade customs examination
- D. are branded
Consumer protection council places an obligation on producers to ensure that their products
- A. are wholesome and safe
- B. are cheap
- C. do not evade customs examination
- D. are branded
A principal member of the stock exchange who buys and sells securities on his own is a
- A. jobber
- B. promoter
- C. broker
- D. speculator
A principal member of the stock exchange who buys and sells securities on his own is a
- A. jobber
- B. promoter
- C. broker
- D. speculator
The central bank sometimes calls for special deposits from the commercial banks in order to
- A. reduce bank lending
- B. increase bank lending
- C. withraw defaced currencies
- D. issue notes and coins
Debentures which are secured by the fixed assets of a company are called
- A. Mortgaged Debenture
- B. Naked Debenture
- C. Redeemable debenture
- D. irredeemable Debenturs
Debentures which are secured by the fixed assets of a company are called
- A. Mortgaged Debenture
- B. Naked Debenture
- C. Redeemable debenture
- D. irredeemable Debenturs
An individual or company that engages in the transportation of any type of goods for a fee is called a
- A. common carrier
- B. hawker
- C. porter
- D. clearing agent
An individual or company that engages in the transportation of any type of goods for a fee is called a
- A. common carrier
- B. hawker
- C. porter
- D. clearing agent
Which of the following is a function of marketing department in a firm?
- A. Add value to goods and services
- B. Protect those who engage in business transactions
- C. initiate general policies in the organization
- D. Handle all staff masters in the system
Which of the following is a function of marketing department in a firm?
- A. Add value to goods and services
- B. Protect those who engage in business transactions
- C. initiate general policies in the organization
- D. Handle all staff masters in the system
A firm that specializes in packing and shipping of goods is known as a
- A. forwarding agent
- B. general agent
- C. del credere agent
- D. cargo handling company
A firm that specializes in packing and shipping of goods is known as a
- A. forwarding agent
- B. general agent
- C. del credere agent
- D. cargo handling company
A person who gave his building as a security for loan is known as a
- A. trustee
- B. mortgagee
- C. mortgagor
- D. guarantor
A retail outlet with many branches all dealing in similar line of goods is described as a
- A. department store
- B. supermarket
- C. chain store
- D. hypermarket
A retail outlet with many branches all dealing in similar line of goods is described as a
- A. department store
- B. supermarket
- C. chain store
- D. hypermarket
An insurance principle which prevents an insured from making profit when compensated is known as
- A. proximate cause
- B. indemnity
- C. insurable interest
- D. utmost good faith
The term “fiduciary issue” means
- A. money issued without gold backing
- B. money issued with gold backing
- C. money issued as currency note
- D. gold reserve