w commerce 21

Opening stock 4000 Closing stock 12000 Purchases 17000 What is the average stock?

The word ''limited" written after the name of a company means that

One of the roles performed by middle managers is

Commerce started as a result of _______

The right of a seller to make corrections on invoices is expressed by the term

An advertising campaign by a chicken seller designed to sell his products at the expense of a beef seller is

One of the aims of ECOWAS is to

One of the qualities of tradable goods is

The reward for land as a factor of production is

An organization of producers of similar produces, which controls output with the intention to fix price is a

Which of the following business risks would an insurance firm not cover for an entrepreneur?

Which type of occupation is a carpenter engaged in?

An objective of the European Union is to

The main idea of the marketing concept is that all the firm's plans and operations should be

The purpose for which the Central Bank sells securities is to

The transfer of a government company to the public is

All activities geared towards the distribution and exchange of goods and services is _______

Bonded warehouses are supervised by

One of the functions of the ports authority is

A person who is for the purpose of bringing his principal into contractual relationship with third parties is

The practice by which insurance companies share risks with other insurance companies is

Which of the following means of payment requires acceptance by the debtor to make it valuable?

Speed is an important factor to be considered for the choice of means of transport where goods are

The saying that the 'consumer is always right' describes the doctrine of

The practice of selling goods to a foreign country at lower prices than obtainable in the exporting country is

Opening stock 4000 Closing stock 12000 Purchases 17000

Which of the following businesses can raise capital through the stock exchange?

An inventor of a new machine for canning tomatoes can protect his product by

The concept of determining the objectives of a business and stating how they can be actualized is

The income generated from tourism forms part of the country's

An example of a primary product is _____

Which of the following is not a condition for dissolution of a partnership?

One of the functions of a trade association is to

Trade fairs and exhibitions are media of

A foreign order which instructs an agent to buy certain goods from a particular supplier is

One of the disadvantages of selling on credit is

The expected response from the recipient of a quotation is to send

The amount a current account holder is allowed to withdraw in excess of the balance in his account is _______

A country's balance of trade of -$20 million shows that its

A number of shops under one roof is a

The main function of a bureau-de-change is

Which of the following is responsible for protecting consumers against poor quality goods

An error on an invoice may be rectified by issuing

The practice of making a state firm more profit-oriented is

A disadvantage of privatization is that

The collection of import duty is a function of the

Which of the following instruments of payment could be used in international trade?

The process of changing raw materials into finished goods is ________