The factor of production which involves both the mental and physical effort of man is called
- A. capital
- B. entrepreneur
- C. labour
- D. land
- E. work
Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?
- A. auctioneer
- B. chamber of commerce
- C. del-credere agent
- D. insurance agent
- E. stock broker
Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?
- A. auctioneer
- B. chamber of commerce
- C. del-credere agent
- D. insurance agent
- E. stock broker
A bank overdraft can only be granted to the holder of a
- A. current account
- B. deposit account
- C. fixed deposit
- D. savings account
- E. time deposit
A bank overdraft can only be granted to the holder of a
- A. current account
- B. deposit account
- C. fixed deposit
- D. savings account
- E. time deposit
A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called
- A. Article of Association
- B. Companies’ Act
- C. Memorandum of Association
- D. Deed
- E. Prospectus
A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called
- A. Article of Association
- B. Companies’ Act
- C. Memorandum of Association
- D. Deed
- E. Prospectus
A situation where a consumer’s need is the focus of attention is regarded as
- A. consumer orientation
- B. marketing concept
- C. market research
- D. market segmentation
- E. sales orientation
A situation where a consumer’s need is the focus of attention is regarded as
- A. consumer orientation
- B. marketing concept
- C. market research
- D. market segmentation
- E. sales orientation
A common legal association which exists when one party, known as the principal authorizes another party to enter into contract is called
- A. agency
- B. contract agreement
- C. legal relation
- D. offer and acceptance
- E. valid contract
A common legal association which exists when one party, known as the principal authorizes another party to enter into contract is called
- A. agency
- B. contract agreement
- C. legal relation
- D. offer and acceptance
- E. valid contract
Marketing mix consists of
- A. place, planning, play and price
- B. planning, controlling and organizing
- C. product, place, price and promotion
- D. promotion, play, planning and price
- E. price, planning, promotion and price
Bonded warehouses are controlled by
- A. clearing and forwarding agents
- B. custom and excise
- C. export promotion council
- D. marketing boards
- E. port authority
Which comes first in the channel of distribution?
- A. consignor
- B. consumer
- C. manufacturer
- D. retailer
- E. wholesaler
Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to
- A. be informed
- B. buy whatever they want
- C. choose
- D. healthy environment
- E. safety
Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to
- A. be informed
- B. buy whatever they want
- C. choose
- D. healthy environment
- E. safety
The greatest weapon of the buyer against the activities of false advertisers is
- A. consumer education
- B. manufacturer's education
- C. marketing education
- D. producer‘s education
- E. salesmanship
The greatest weapon of the buyer against the activities of false advertisers is
- A. consumer education
- B. manufacturer's education
- C. marketing education
- D. producer‘s education
- E. salesmanship
The main reason for Government ownership of a public enterprise is to provide
- A. education and electricity
- B. electricity only
- C. essential services
- D. loans for the people
- E. roads and electricity
Reorganization of public enterprises to run as profit-making ventures is called
- A. commercialization
- B. indigenization
- C. industrialization
- D. nationalization
- E. privatization
The process by which the government takes over private business is known as
- A. commercialization
- B. indigenization
- C. nationalization
- D. naturalization
- E. privatization