Explain the following ;
(i) marketing concept
(ii) marketing mix
(iii) market segmentation
(iv) product differentiation
(a) Mention and explain five ways by which the Central Bank regulates the activities of commercial banks.
(b) State five factors which a bank manager considers in granting loans to customers.
Give five aims for establishing each of the following:
(a) Economic Community of West African States (ECOWAS).
(b) International Monetary Fund (IMF).
(a) Explain to a group of Sole Proprietors who wish to form a partnership any seven problems they are likely to face.
(b) State three conditions suitable for the formation of partnership business.
Explain five factors that adversely affect the growth of commerce in West Africa.
(a) Explain five features of itinerant trading.
(b) State five features of a supermarket.
(a) Give six reasons why manufacturers pre-package their products.
(b) State any four disadvantages of pre-packaging.
(a) Explain five reasons why tariffs are imposed on imports.
(b) State five functions performed by the customs authority.
(a) State the difference between industry and commerce.
(b) Mention and explain five types of commercial occupations and three types of industrial occupations.
(a) List and describe four insurance policies available to a ship owner.
(b) Distinguish between indemnity and non-indemnity insurance and give two examples of each
Which of the following classes of occupation would you place a doctor?
- A. Extractive
- B. Commerce
- C. Direct services
- D. Indirect services
Which of the following classes of occupation would you place a doctor?
- A. Extractive
- B. Commerce
- C. Direct services
- D. Indirect services
Which of the following is an agreement to transport goods but not a document of title?
- A. Air-way bill
- B. Bill of lading
- C. Charter party
- D. Freight note
Which of the following is not a right of the consumer?
- A. Safety
- B. Choice
- C. Discount
- D. Value
A counter-offer in a contract is regarded as?
- A. an acceptance
- B. an invitation to treat
- C. a rejection
- D. a consideration
Which of the following is not a requirement for a valid contract?
- A. Represention
- B. Consideration
- C. Interest
- D. Performance
Which of the following is not a requirement for a valid contract?
- A. Represention
- B. Consideration
- C. Interest
- D. Performance
Which of the following is not a means of consumer protection?
- A. Price control
- B. Sales Goods Act
- C. Trade Description act
- D. Tax laws
Which of the following is not a means of consumer protection?
- A. Price control
- B. Sales Goods Act
- C. Trade Description act
- D. Tax laws
Which of the following is not a means of consumer protection?
- A. Price control
- B. Sales Goods Act
- C. Trade Description act
- D. Tax laws
Which of the following agent guarantees payment for transaction entered into on half the principal?
- A. Auctioneer
- B. Factor
- C. Broker
- D. Del creder