Commerce Accountancy · General Awareness

Consumer Protection and Commerce

1,245 Questions

Consumer Protection and Commerce encompasses consumer rights, unfair trade practices, retail operations, and e-commerce strategies. It details how goods and services are regulated, sold, and managed within various markets. Questions from this area are common in commerce, economics, and general awareness exam sections.

E-Commerce PlatformsRetail Trade TypesConsumer Rights ProtectionUnfair Trade PracticesOmnichannel StrategiesTariff Impacts

Consumer Protection and Commerce Questions

Multiple choice commercial studies marketing and sales difference between products and services product marketing

Which of the following pricing methods is usually adopted by Chain stores?

  1. Odd pricing

  2. Psychological pricing

  3. Customary pricing

  4. Prestige pricing
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Customary pricing is used for products where the price is determined by long-standing tradition or market expectations, which is common in chain stores for convenience goods.

Multiple choice commercial studies marketing and sales difference between products and services product marketing

________ products are the products in the purchase of which, consumers devote considerable time.

  1. Consumer

  2. Sales

  3. Shopping

  4. Industrial
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Shopping products are a higher end products occasionally bought by consumers that are usually compared for their appropriateness, quality, cost and features before making a purchase decision. Consumers tend to take more time when purchasing a shopping good produced by a business, and they might even travel to buy such products.

Multiple choice commercial studies marketing and sales difference between products and services product marketing

_______ are the products which are purchased frequently.

  1. Consumer

  2. Industrial

  3. Convenience

  4. Services
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Convenience goods are a sub category of consumer goods. Convenience goods are the inexpensive frequent purchases, there s little efforts needed to purchase them. it includes food, toiletries and confectionery goods. Such goods are widely available. 

Multiple choice commercial studies marketing and sales difference between products and services product marketing

On the basis of durability, consumer goods are classified in four categories.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A product is an item offered for sale. It can be an item or a service, virtual or cyber form. Consumer products are the merchandise or other items of common and daily use ordinarily bought by individuals or house holds  for private consumption. Consumer goods are classified in three categories i.e convenience goods, shopping goods, specialty goods  on the basis of buying behaviour of the consumer towards these goods.

Multiple choice commercial studies marketing and sales difference between products and services product marketing

______ products are the products which have certain special features because of which people make special efforts while purchasing such products.

  1. Special

  2. Shopping

  3. Expensive

  4. Consumer
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Special goods are a classification of consumer goods. Special goods are purchased with a predetermined pattern in mind. Special goods can be refereed to as an item that is extraordinary or unique enough to motivate people to make an extra effort to purchase it  The buyers are willing to spend a lot of money and time to purchase it in comparison to the shopping goods.

Multiple choice economics planning and collecting data different types of data primary and secondary data collecting data

After doing the thorough calculation of consumer demand by setting up stimulated stores, providing a sample of consumers with money, and then allowing them to purchase and keep the commodities they select in the stores is called the ______________.

  1. consumer survey approach

  2. observational approach

  3. consumer clinic approach

  4. product research approach
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

After doing the thorough calculation of consumer demand by setting up stimulated stores, providing a sample of consumers with money, and then allowing them to purchase and keep the commodities they select in the stores is called the consumer clinic approach. It is also known as 'Laboratory type' experiment. By this approach, a sample of consumers is given a specific budget and asked to plan out their expenditure.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Consider the following statements and find out the correct alternatives from the codes given below.
(i) A firm's financial information system is a component of its marketing research system.
(ii) The most common forms of marketing researches conducted in most of the firms are the measurement of market potential and the analysis of market share.
(iii) Survey research is seldom used for studying consumer perception and attitudes.
(iv) The concept of cognitive dissonance is relevant to study consumer's post-purchase behaviour.

  1. All the statement are true

  2. All the statement are false

  3. (i) is false and the rest are true

  4. (ii) and (iv) are true and the rest are false
Reveal answer Fill a bubble to check yourself
D Correct answer
Multiple choice organisation of commerce and management marketing mix promotion and promotional techniques pricing promotion meaning and objectives of pricing pricing strategies

________ refers to offering extra quantity of the product. It is commonly used by marketer of FMCG products.

  1. Rebate

  2. Refund

  3. Discount

  4. Quantity gifts
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Quantity gifts, or bonus packs, involve providing extra product at the same price, a common sales promotion tactic used in the FMCG sector to encourage bulk buying.

Multiple choice political science india and the world objectives and reasons for the establishment of the united nations reasons for the establishment of the united nations united nations organisation

In 1985, the United Nations adopted the UN guidelines to ensure which of the following?

  1. consumer protection

  2. consumer exploitation

  3. consumer support

  4. consumer awareness
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In 1985, the United Nations adopted the UN guidelines to ensure Consumer Protection so that they have their sacred laws and their rights are taken good care.

Multiple choice industries in tamil nadu human geography in tamil nadu geography

What is called consumer goods?

  1. Goods reaching consumers in the end

  2. Goods reaching consumer straight

  3. Good which are not perishable

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The goods that are purchased for consumption by the average consumer are known as consumer goods. These goods reach straight to the consumers. Consumer goods are the end result of production and manufacturing. That’s why they are also called final goods. Clothing, food and jewellery are all examples of consumer goods. 

Multiple choice elements of book keeping and accountancy book of original record - journal understand the need for journal journals functions, advantages, objects and importance of journal

Which of the following specialized journals records "good returned by customers"?

  1. Purchase journal

  2. Sales journal

  3. Purchases return journal

  4. Sales return journal
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Sales Return Journal is the specialized book used to record goods returned by customers.

Multiple choice social science food security in india need for nregs rural development and employment guarantee scheme food security and nutrition

Public Distribution System is associated with _______.

  1. Fair price shops

  2. Cooperative stores

  3. Super bazaars

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Public distribution system is a government-sponsored chain of shops entrusted with the work of distributing basic food and non-food commodities to the needy sections of the society at very cheap prices.

Multiple choice organization of commerce and management warehousing importance, types and documentation in warehousing meaning of warehousing and warehousing introduction to services

How does warehousing help in the widening of the market?

  1. The goods stored are maintained in good condition.

  2. Goods can be transported in bulk.

  3. Processed goods can be packaged.

  4. Goods produced at one place can be supplied at a distant place by storing them in various cities.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Goods produced at one place can be supplied at a distant place by storing them in various cities as because warehousing help in widening of the market. Warehousing can be defined as an act of storing goods which are to be distributed or sold later.