The mode of transportation that is noted for on time dependability and low cost peer unit on gods carried is?
- A. pipe line
- B. air
- C. rail
- D. road
An example of indirect service is rendered by
- A. civil servants
- B. family doctors
- C. household servant
- D. entertainers
Transport, retailing and wholesaling industries rely heavily on
- A. banking
- B. insurance
- C. manufacturing
- D. railway
A royal charter was granted to the Royal Niger Company to do business in Nigeria in
- A. December 1888
- B. May 1887
- C. July 1886
- D. August 1885
Which of the following are the components of commerce?
I Trading and advertising
II Warehousing and transportation
III Packaging and branding
IV Insurance and banking
- A. I and II
- B. I and III
- C. I, II and IV
- D. II, III and IV
The secretariat of the Niger Basin Commission is located at
- A. Ouagadougou, Burkina Faso
- B. Abuja, Nigeria
- C. Niamey, Niger
- D. Bamako, Mali
A firm’s organizational structure would change if
- A. one of the major partner dies
- B. there is excessive competition
- C. there is seasonal variation in demand
- D. the scope of business operation changes
The direct authority of a superior over his subordinate is known as
- A. staff authority
- B. line authority
- C. line and staff authority
- D. office authority
Motivation is an essential element in management because it
- A. leads to the improvement of staff welfare
- B. encourage individual to work towards achieving the orgaization's objective
- C. reduce friction among employees in the process of achieving the company's objective
- D. helps to eliminate industrial disharmony
The practice of assessing employees for payment or advancement according to their observed achievement is called
- A. employee ranking
- B. merit rating
- C. job grading
- D. employee education
Which of the following organizations represents those who engages labour in Nigeria?
- A. Nigerian Labour Congress
- B. Nigerian Employers Consultative Association
- C. Manufacturers Association of Nigeria
- D. Nigerian Union of Local Government Employees
The federal Government made efforts at rendering public enterprises more efficient and profit-oriented through the process of
- A. privatization
- B. commercialization
- C. indigenization
- D. nationalization
When an industry or company is nationalized, the state becomes
- A. the major shareholder
- B. the mini shareholder
- C. the only shareholder
- D. an equal shareholder with other individuals
Consumer sovereignty means that they consumer is
- A. a citizen
- B. always independent
- C. always wrong
- D. always right
chinyere agree to make a dress for Halima with September 20, 1995 as the delivery date. If the dress was not ready on that date, Halima could
- A. sue Chinyere for damages
- B. sue Chinyere for specific performance
- C. seize another gown from Chinyere's shop
- D. regard the contract between them as terminated
A disadvantage of personal selling is that it
- A. increase a company's operating cost
- B. decreases acompany's operating cost
- C. increase a company's number of customers
- D. reduces a company's area of patronage
Which of the following are forms of sales promotion?
- A. advertising, personal selling and publicity
- B. advertising, market skimming and publicity
- C. personal selling, packaging and publicity
- D. advertising, packaging and publicity
A manufacturer can make his product distinguishable from those of other competitors by
- A. providing catalogues for his wholesalers
- B. aggressive sale ppromotion
- C. branding and packaging the product
- D. selling the product at a much lower price
Taking a new product to a particular part of a country to test the reaction of consumers to the product referred to as
- A. sales promotion
- B. sampling
- C. merchandizing
- D. advertising
The breaking down of a market into separate and identifiable elements each with its own special product requirement is known as market
- A. differentiation
- B. segmentation
- C. penetration
- D. identification
The marketing approach by which a firm carries out detailed analysis of itself, the consumers and its competitors is known as?
- A. market analysis
- B. marketing mix analysis
- C. marketing opportunities analysis
- D. market survey