Which of the following involves gathering and analysing information about demand, consumers wants and new products?
- A. Sales promotion
- B. Market research
- C. Personal selling
- D. After-sales service
- E. Physical distribution
The Act designed to reserve certain businesses exclusively for Nigerians is known as the?
- A. Sale of Goods Act
- B. Weights and Measures Act
- C. Nigerian Enterprises Promotion Act
- D. Standards Organization of Nigeria Act
- E. Trade Marks Act
The state of scientific knowledge and production process obtainable in a country is part of the?
- A. economic environment of business
- B. political environment of business
- C. legal environment of business
- D. techonolgical environment of business
- E. cultrual environment of business
The value stated on the share certificate as opposed to the current value is called?
- A. premium value
- B. exchange value
- C. nominal value
- D. discount value
- E. market value
One of the reasons for national of industries is?
- A. for efficient management
- B. to comtrol corruoption and nepotism
- C. increase the number of shareholders
- D. to control corruption performance of strategic industries
- E. to drive away foreign investors
The practice of selling in foreign markets at less than cost price is known as?
- A. fair trading
- B. over-invoicing
- C. smugging
- D. hedging
- E. dumping
A house insured against damaged by flood was burnt down and the owner had a claims. Which of the following prevented him from making any claim? The principle of
- A. indemnity
- B. subrogation
- C. insurable interest
- D. proximate cause
- E. utmost good faith
The market for short term loans is known as the?
- A. capital market
- B. discount market
- C. money market
- D. stock market
- E. open market
Which shares are sold Ex-div it means that the?
- A. buyer is entitled to any dividend which may be declared
- B. shares are sold at per
- C. shares are sold at a premium
- D. sellers has the right to the next dividend
- E. shares are sold at a loss
Which of the following refers to sale promotion?
- A. Non- personal presentation of a product
- B. Offering free samples of products
- C. Providing information about a company and its product
- D. Direct contact with the ultimate buyer
- E. Gathering information about a product
The interplay of such variables as product, price, distribution and promotion is known as?
- A. the distribution mix
- B. market segmentation
- C. the market mix
- D. the marketing concept
- E. produce mix
QWhen a number of insurers are liable under one given policy, the principle of insurance that applies is/
- A. indemnity
- B. subrogation
- C. abandonment
- D. contribution
- E. proximate cause
The method by which insurance companies spread their risk to other insurance companies is called?
- A. double insurance
- B. under-insurance
- C. re - insurance
- D. over- insurance
- E. underwriting
Patent Right gives the owner the exclusive right to?
- A. produce any type of goods
- B. his invention
- C. form a new business
- D. sell to other maunfacturer
- E. produce the same goods with other manufacturers
Activities aimed at creating an image foe an organization are known as?
- A. advertising
- B. market research
- C. public relation
- D. exhibition
- E. mass marketing
The ship owner’s receipt for the goods accepted for carriage in a ship is called?
- A. ship manifest
- B. charter party
- C. mate's receipt
- D. bill of exchange
- E. bill of lading
If a seller discovers that he had under charged a buyer, which of the following documents will use to correct the error?
- A. A promissory note
- B. A credit book
- C. An advice note
- D. A debit note
- E. A statement of account
Which of the following deals with the problems involved in selling of a particular product?
- A. Market research
- B. Market segmentation
- C. Market sharing
- D. Marketing research
- E. Merchandising
When more shares are applied for than are offered for sale the offer is said to be over?
- A. issued
- B. floated
- C. subscribed
- D. valued
- E. traded
In winding-up a company, the assets of the company are vested in the hands of the?
- A. receiver
- B. liquidator
- C. registrar of companies
- D. directors of companies
- E. the government
The advantage road transport has over other means of transport is that?
- A. intermediate terminal handling is eliminated by door-to-door delivery
- B. specialised vehicles can be used to carry certain goods
- C. packaging is very easy as experts handle it
- D. canteen services are provided
- E. weather conditions do not affect it