Question 1 of 20 4,313 total questions
The task of grouping consumers according to their buying habits is known as market
A diversification
B development
C expansion
D segmentation
Direct selling by a producer to a consumer is possible when the
A goods have to be made on demand
B manufacturer has a good knowlegde of the market
C customer buys in small quantities
D goods are fashionable
A manufacturer of machinery who wants to reduce cost of promotion can use
A samples
B public relations techniques
C showrooms
D catalogues
Which of the following is a disadvantage of canal transport? it is
A narrow and cannot support big vessels
B not suitable for small ferriers
C often for short journey
D suitable for carrying only goods
Which of the following is the fastest means of sending a document from one place to another?
A Facsimile
B Courier service
C Express mail
D Registered mail
One advantage of communication by telephone is
A the conversation can be very short
B it is less expensive
C feedback is instantenous
D the conversation is strictly private
Which of the following qualities of money is generally undermined by inflation?
A Stability
B Scarcity
C Durability
D Portability
The counterfoil of a cheque book enables the drawer to
A request for a new cheque book
B reconcile his book of accounts
C know who the debtors are
D obtain an overdraft from the bank
If a company is described as "listed" it means
A its shares can be traded on the stock exchange
B It is about to be voluntarily liquidated
C it is duly registered by the registrar of companies
D it has been blacklisted
Notes and coins are legal tender because they are
A printed by the Central Bank
B backed by law
C backed by gold
D issued by all banks
Insurance is necessary because of the need to
A pool resources together
B meet uncertainties in future
C make profit
D lend money to individuals
Government can borrow money from the public through
A the issuing of treasury bills
B increasing taxation
C increasing the lending rate
D establishing more banks
Trade discount is given to the buyer for
A prompt payment
B credit purchase
C cash purchase
D retailer's mark-up
Status enquiry is necessary when
A goods are ordered from a mail order firm
B money is withdrawn from a fixed deposit account
C granting credit to a new customer
D goods areproduced according to specification
What is the purpose of a debit note? To
A reduce the credit in the buyer's account
B reduce the debit charged to an invoice
C compensate for damaged goods returned
D allow for rebate
A bill of exchange becomes negotiable when it is
A accepted
B protested
C dishonoured
D discounted
A major cost component of running a mail order firm is the
A printing of catalogues
B paying salemen's salaries
C renting shops
D travelling expenses
Which of the following is not a feature of a Department Store?
A One-stop-shopping
B Deals in one line of goods
C Use of trolleys
D Convenient location
Which of the following is a contract of carriage and a document of title?
A indent
B Bill of lading
C Pro forma invoice
D is allowed to borrow from commercial banks
A major advantage of the private company over a partnership is that the private company
A can sell shares
B has limited liability
C can publish its account
D is allowed to borrow from commercial banks
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