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Commerce (SS1)

Authored by Muctar Mohammed

Other

6th - 8th Grade

Used 3+ times

Commerce (SS1)
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19 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

A merchant wholesaler is one who

Takes title to the goods he sells

Does not own the goods he sells

Earns commission for serving as an agent

Sometimes makes retail sales

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a service the wholesaler renders to the retailer?

Sells to consumer

Buys from the retailer

Sells in convenient quantities to the retailers

Produces goods the retailer needs

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a problem facing mail order business?

Expensive shop fronts

cost of postage and advertisement

Commission to agent

Increase in branded goods

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Who among the following is not a wholesaler?

Factor

Del Credere Agent

Cash and Carry

Agent wholesaler

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following sells goods to the highest bidder?

Auctioneer

Factor

Del credere

Broker

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

One if the reasons for eliminating middlemen is

Artificial scarcity

Granting credit to wholesalers

Having suitable warehouse

Carrying out research

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The process through which goods get to the ultimate consumer is

Distributor channel

Distribution channel

Pathway

Route

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