(i) The exchange and distribution of goods and services is referred to as:

  1.  commerce
  2.  production
  3.  stock control
  4. trade
Choose Answer :

Which of the following set represents the branches of production?

  1. Industry, Commerce and Aids to Trade
  2. Industry, Commerce and Direct services
  3. Industry, Commerce and Services and Direct Services
  4. Industry, Trade and Direct Services
Choose Answer :

(iii)    When a commodity is used for two or more purposes the demand for such a commodity is called:

A.         competitive demand

B.         composite demand

C.         derived demand D. joint demand

Choose Answer :

(iv)    The quantity of a commodity supplied usually increases when the:

  1.  income of consumer falls
  2. price of that commodity remains constant
  3. price of that commodity falls
  4.  price of that commodity rises
Choose Answer :

(v)      The following are the functions of retailers except:

  1.  giving advice to customers
  2.  holding stock in small quantities
  3.  holding stock in large quantities 
  4.  selling goods to customers
Choose Answer :

(vi)    Which of the following is not a function of a wholesaler?

  1.  Auditing
  2. insurance
  3. Market research 
  4. warehousing
Choose Answer :

(vii)  Trade means:

  1.  buying and selling of goods and services
  2.  buying of goods and services
  3.  selling of goods and services
  4. selling of goods and factors of production
Choose Answer :

(viii)Which level is reached after receiving new delivery?

  1. Average stock
  2.   Maximum stock
  3.  Minimum stock 
  4.  Stock taking
Choose Answer :

(xi) Which of the following is not a function of the warehousing in preparing goods for sale?

  1. Breaking
  2.  Manufacturing
  3. Packing 
  4.  Sorting
Choose Answer :

(x) The art of making goods and services from production to be known by the whole public is called:

  1. advertising
  2.  broadcasting
  3.  communicating
  4. publishing
Choose Answer :

For Call,Sms&WhatsApp: 255769929722 / 255754805256

   Click Here To Access You Scheme(ONLY IF YOU A HAVE CODE)