Like us on

+2348038093033

Len Academy

Academic Questions in Commerce

Please check out our Test Your Knowledge page to see all Questions and Answers

One of the following is a form of division of labour.

A. Agonistic division of labour

B. Antagonistic division of labour

C. Mutualistic division of Labour

D. Advanced division of labour

E. Solitary division of labour

F. Occupational division of labour

A place where people buy homogenous goods in large quantities is called ___.

A. Wholesaler's Market

B. Goods Market

C. Products Market

D. General Market

E. Commodity Market

F. Forex Market

Any activity aimed at getting people interested in a company's product or service is termed _.

A. Commerce

B. Economics

C. Financial Accounting

D. Marketing

E. Production

F. Distribution

Which of the followings isn't a characteristics of commerce?

A. Commerce is solely aimed at making profit

B. Commerce is 100% business

C. Commerce is a discontinuous process because it eventually satisfies human needs

D. Commerce is accompanied by uncertainties

E. Transaction processes are always done in commerce

F. Commerce connects the processes of production and marketing

The followings are disadvantages of division of labour except ___.

A. It becomes difficult to hold any of the workers accountable for poor sales

B. A worker may face the risk of unemployment

C. Limitation in the size of the market will affect division of labour

D. It can lead to loss of lives

E. All of the above

F. None of the above

Commerce

Principle of Marketing: People as a Marketing Mix and their Importance Principle of Marketing: Positioning as a Marketing Mix Principle of Marketing: Packaging as a Marketing Mix Elements of Promotion in Marketing Mix Principle of Marketing: Promotion as a Marketing Mix Principle of Marketing: Place as a Marketing Mix Principle of Marketing: Price as a Marketing Mix Principles of Marketing: The 7 Ps of Marketing Mix Factors necessary for Division of Labour Disadvantages of Division of Labour Advantages of Division of Labour Outbound Marketing explained Inbound Marketing explained Production - Types of Production Commerce: Definitions and Scopes of Commerce Differences between Balance of Trade and Balance of Payments Balance of Payment Deficit and Balance of Payment Surplus Disadvantages of Foreign Trade Divisions of Foreign Trade Advantages of Foreign Trade What is Foreign Trade? Types of Foreign Trade Scheme of Work for Commerce, SS1, First Term Scheme of work for Commerce, SS1, Second Term Scheme of work for Commerce, SS1, Third Term Division of Labour: What is Division of Labour? Forms of Division of Labour Balance of Trade and Balance of Payments Production: Definitions and Examples of Production Deferred payment and its benefits Commodity Market, Types and Importance of Commodity Market What is Marketing? Branches of Marketing Commerce: Functions and Characteristics of Commerce

Total Topics (32) Paged

Page (1 of 1)

NOTABLE POINTS IN Commerce

Marketing is defined as any activity or process aimed at getting people interested in a company’s product or service.

The processes utilized in marketing can take place via posters, public relations campaigns, handbills, social media, radio and television, buses, walls along the streets, the internet or just anywhere.

Below are some of the branches of marketing:

Advertising

Search Engine Optimization (SEO)

Merchandising

Branding

Promotions

Copywriting

Social Media Optimization (SMO)

Event planning

Customer relationship management (CRM)

Graphic Design

Internet Marketing

Please read more on marketing here