Market II - JSS2 Business studies Past Questions and Answers - page 1

What is the primary purpose of buying and selling?

Which method of payment involves immediate exchange of physical currency?

Which method allows buyers to evaluate the quality of a product before making a purchase?

What type of event involves competitive bidding to determine the selling price?

What is the total value of goods or services sold within a specific period called?

Which term refers to the difference between the selling price and the cost of acquisition?

What occurs when expenses exceed revenue in a business transaction?

What represents the margin added by businesses to cover expenses and generate profit?

What are the two primary methods of payment in buying and selling, and how do they differ?

Describe the process of sample transactions in buying and selling.