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
Which of the following is not considered an aid to trade?
Transportation
Communication
Manufacturing
Insurance
Which type of trade involves the bulk purchase of goods at discounted prices?
Wholesale
Retail sale
Import
Export
What term is used for the sale of goods and services directly to consumers?
Wholesale
Retail sale
Foreign trade
Import
Which type of trade involves transactions between different countries?
Home trade
Wholesale trade
Import trade
Export trade
What is the term for the purchase of goods from foreign countries for domestic consumption?
Import
Export
Wholesale
Retail sale
Which division of commerce involves buying and selling within a single country's borders?
Home trade
Foreign trade
Wholesale trade
Retail sale
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
What type of trade involves the sale of goods and services for personal use?
Wholesale
Retail sale
Export
Import
What does foreign trade refer to?
Trade within a single country
Trade between different countries
Trade within a single city
Trade between neighboring countries