Division Of Commerce - JSS1 Business studies Past Questions and Answers - page 1
What is the term used for the exchange of goods and services between parties?
Trade
Commerce
Manufacturing
Distribution
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Which of the following is not considered an aid to trade?
Transportation
Communication
Manufacturing
Insurance
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Which type of trade involves the bulk purchase of goods at discounted prices?
Wholesale
Retail sale
Import
Export
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What term is used for the sale of goods and services directly to consumers?
Wholesale
Retail sale
Foreign trade
Import
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Which type of trade involves transactions between different countries?
Home trade
Wholesale trade
Import trade
Export trade
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What is the term for the purchase of goods from foreign countries for domestic consumption?
Import
Export
Wholesale
Retail sale
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Which division of commerce involves buying and selling within a single country's borders?
Home trade
Foreign trade
Wholesale trade
Retail sale
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What are aids to trade?
Elements that facilitate smooth trading activities
Elements that hinder trading activities
Elements that regulate trade
Elements that control trade prices
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What type of trade involves the sale of goods and services for personal use?
Wholesale
Retail sale
Export
Import
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What does foreign trade refer to?
Trade within a single country
Trade between different countries
Trade within a single city
Trade between neighboring countries
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