Drugstore and business management mcqs (16-25)
16.The buying and selling of goods in order to make profit is called
A. Trade
B. Direct services
C. Commerce
D. Indirect services
Ans. A
17.Transport creates utility of
A. Time
B. Place
C. Form
D. Possession
Ans.B
18.Advertising and salesmanship help to remove the hindrance of
A. Place
B. Persons
C. Finance
D. Knowledge
Ans. D
19.Industry creates
A. Time utility
B. Place utility
C. Form utility
D. Possessing utility
Ans. C
20.Buying of goods from abroad is known as
A. Entrepot
B. Export
C. Import
D. All of the above
Ans. C
21.Trade between the two countries is known as
A. Regional trade
B. Local trade
C. Foreign trade
D. Home trade
Ans. C
22.Warehousing removes the hindrance of
A. Time
B. Risk
C. Place
D. Knowledge
Ans. A
23.Transport removes the hindrance of
A. Persons
B. Place
C. Time
D. Knowledge
Ans. B
24.Business constitutes a/an
A. Non-economic activity
B. Economic activity
C. Both economic and non-economic activity
D. All of the above
Ans. B
25.Business means
A. Trade and commerce
B. Buying and selling of goods
C. Commerce
D. Industry and commerce
Ans. D
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