WAEC - Commerce (2012 - No. 42)
Which of the following arrangement of documents is the correct sequence as used in the retail trade? i. Quotation ii. Enquiry iii.Order iv Invoice
i,ii,iii,iv
ii,i,iii,iv
i,iv,iii only
i,iii,iv only
Wyjaśnienie
The sequence goes thus; enquiry => quotation => order => invoice
A buyer sends an enquiry to the seller asking about the goods he wants to purchase
The seller send the buyer a quotation containing products description, prices etc
The buyer then places an order
The seller sends an invoice to the buyer as prove of a business transaction