Documents used in Home Trade — Important Questions
ICSE · Class 11 · Commerce
65 important questions from Documents used in Home Trade for ICSE Class 11 Commerce, with answers. Includes multiple choice and multiple correct questions.
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Important Questions from Documents used in Home Trade
When the seller is not local, how is an enquiry usually made?
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Through a letter of enquiry
If the seller is not local, the buyer makes the enquiry through a letter.
How can an enquiry be made when the seller is local?
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By telephone or personal contact
For a local seller, enquiry can be made directly by phone or personal contact.
Which document is written by the seller in reply to enquiry about price and trade facilities?
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Quotation
A quotation is the seller's reply with price, quality, and trade terms.
What is a quotation used for in home trade?
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To reply to the buyer's enquiry
Quotation is sent in answer to an enquiry.
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