Tag: commerce

Quizzes (249) Questions (753)

Questions Related to commerce

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

The individual or firm which grants right is called_________.

  1. Franchisee

  2. Franchiser

  3. Consignor

  4. Consignee
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A franchisor is a person or company that grants the license to a third party for the conducting of a business under the franchisor's marks. The franchisor owns the overall rights and trademarks of the company and allows its franchisees to use these rights and trademarks to do business.

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

Presently Industrial Licensing is not applicable for ___________.

  1. Ship Building

  2. Hazardous Chemicals

  3. Cigarettes

  4. Electronic Aerospace and Defence Equipment
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

It normally takes place in a specialized facility known as a shipyard. Ship builders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history.

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

The franchiser can expand his distribution system in the least possible time.

  1. True

  2. False

  3. Partly true

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

Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchiser licenses its know-how, procedures, intellectual property, use of its business model, brand; and rights to sell its branded products and services to a franchisee.

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

Franchising enables the franchiser to increase his ____________ by expanding his network.

  1. Goodwill

  2. Reputation

  3. Both (a) and (b)

  4. Neither (a) nor (b)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

 franchising the business, the franchisor places the expansion of his/her business in the hands of people who are motivated to make it work.

Multiple choice organization of commerce and management grievance redressal mechanism grievance and need for redressal mechanism consumer protection commerce

A complaint can be made to a District forum when the value of the goods or services in question, along with the compensation claimed, exceeds Rs. 20 lakhs.

  1. True

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

A complaint can be made to a District forum when the value of the goods or services in question, along with the compensation claimed, does not exceeds Rs. 20 lakhs, hence above statement is false.

Multiple choice organization of commerce and management grievance redressal mechanism grievance and need for redressal mechanism consumer protection commerce

Under the consumer protection act, a complaint can be filed by a consumer for a defective goods and also for deficiency in service.

  1. True

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

 Before formally filing a Consumer Complaint, it is desired that the Consumer gives notice to the opposite party of the fact of any deficiency in service or of unfair trade practice etc to see if the trader is willing to make good the loss suffered by either replacing the commodity or returning the value of the purchase. If yes, the issue resolves then and there. But if the trader refuses or neglects here that the consumers needs to approach the Consumer Court.

Multiple choice organization of commerce and management grievance redressal mechanism grievance and need for redressal mechanism consumer protection commerce

Any _______ can file a compliant.

  1. consumer

  2. trader

  3. retailer

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

Any consumer can file a compliant.A complaint can be filed by-
a) any consumer
b) any registered consumer association
c) The central or state government
d) A legal heir or representative of a deceased consumer

Multiple choice organization of commerce and management grievance redressal mechanism grievance and need for redressal mechanism consumer protection commerce

A National Consumer Council of India was formed in New Delhi in _________.

  1. 1988

  2. 1969

  3. 1970

  4. 1971
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A National Consumer Council of India was formed in New Delhi in 1988. This council was set up by the Consumer Protection Act. It helps to uphold the interest of the consumers. National Consumer Council also function to protect the rights of the consumers.