Self-service, mail order and automatic vending are examples of
- A. marketing mix
- B. sales promotion
- C. public relations
- D. selling techniques
- E. personal selling
Which of the following government legislation is not aimed at consumer protection?
- A. Taxation Law
- B. Sales of Goods Act
- C. Food and Drugs Act
- D. Standards Organization Act
- E. Price Control Act
In which of the following do the goods become the property of the buyer on the payment of first installment
- A. Hire-purchase
- B. Deferred payment
- C. Leasehold
- D. Cash with order
- E. Forward trading
In which of the following do the goods become the property of the buyer on the payment of first installment
- A. Hire-purchase
- B. Deferred payment
- C. Leasehold
- D. Cash with order
- E. Forward trading
Which of the following is a disadvantage of credit transaction?
- A. increases turnover
- B. facilitates the sale of durable goods
- C. encourages the habit of saving
- D. encourages bad debt
- E. enables consumers to enjoy goods without immediate payment
Which of the following is a disadvantage of credit transaction?
- A. increases turnover
- B. facilitates the sale of durable goods
- C. encourages the habit of saving
- D. encourages bad debt
- E. enables consumers to enjoy goods without immediate payment
One of the characteristics of a debenture is that
- A. it yields a fixed rate of dividends
- B. it has no redemption date
- C. it yields a fixed rate of interest
- D. its holder has a voting right
- E. the holder bears more risk than others
One of the characteristics of a debenture is that
- A. it yields a fixed rate of dividends
- B. it has no redemption date
- C. it yields a fixed rate of interest
- D. its holder has a voting right
- E. the holder bears more risk than others
The services rendered by Nigerian Airways to foreign companies are part of Nigeria’s
- A. visible exports
- B. visible imports
- C. invisible exports
- D. invisible imports
- E. entreport trade
Who among the following comes first in the channel of distribution?
- A. Consumer
- B. Retailer
- C. Consignor
- D. Manufacturer
- E. Wholesaler
Who among the following is not an agent?
- A. Broker
- B. Factor
- C. Jobber
- D. Manufacturer's representative
- E. Aunctioneer
Division of labour often results in
- A. a decrease in production
- B. an increase in production
- C. waste of time
- D. uneconomic use of tools
- E. greater craftsmanship
Division of labour often results in
- A. a decrease in production
- B. an increase in production
- C. waste of time
- D. uneconomic use of tools
- E. greater craftsmanship
The rebate given to the retailer by the wholesaler to enable him make profit is known as
- A. commission
- B. mark-up
- C. trade discount
- D. cash discount
- E. credit guarantee
The rebate given to the retailer by the wholesaler to enable him make profit is known as
- A. commission
- B. mark-up
- C. trade discount
- D. cash discount
- E. credit guarantee
Which of the following functions of the wholesaler helps to stabilize prices
- A. Financing
- B. Advice to retailers
- C. Provision of credit
- D. Advertising
- E. Warehousing
Which of the following is not a source of capital to a partnership?
- A. Buying on credit
- B. Ploughed back profit
- C. Borrowing
- D. Shares
- E. Personal savings
An overdraft can only be granted to the holder of a
- A. fixed deposit
- B. savings deposit
- C. loan account
- D. current account
- E. deposit account
An overdraft can only be granted to the holder of a
- A. fixed deposit
- B. savings deposit
- C. loan account
- D. current account
- E. deposit account
Commerce developed as a result of
- A. speculation
- B. competition
- C. specialization
- D. importation
- E. exportation
Commerce developed as a result of
- A. speculation
- B. competition
- C. specialization
- D. importation
- E. exportation