Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

22

Activities undertaken to create awareness for a product by giving out samples premium or conducting contest are known a?

  • A. marketing mix
  • B. marketing concept
  • C. consumerism
  • D. sales promotion
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23

It is often said that “the consumer is always right” This describes the doctrine of?

  • A. consumer movement
  • B. consumer sovereignty
  • C. caveat emptor
  • D. consensus ad idem
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24

When all producers in an industry combine to advertise their product instead of each firm advertising its own brand, this is referred as?

  • A. mass advertising
  • B. competitive advertising
  • C. persuasive advertising
  • D. direct advertising
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25

When all producers in an industry combine to advertise their product instead of each firm advertising its own brand, this is referred as?

  • A. mass advertising
  • B. competitive advertising
  • C. persuasive advertising
  • D. direct advertising
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26

When all producers in an industry combine to advertise their product instead of each firm advertising its own brand, this is referred as?

  • A. mass advertising
  • B. competitive advertising
  • C. persuasive advertising
  • D. direct advertising
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27

A retailer sells his product at “Buy-two-take three” The sales promotion method referred to is?

  • A. free sample
  • B. gift
  • C. premium
  • D. trade
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28

A retailer sells his product at “Buy-two-take three” The sales promotion method referred to is?

  • A. free sample
  • B. gift
  • C. premium
  • D. trade
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29

A retailer sells his product at “Buy-two-take three” The sales promotion method referred to is?

  • A. free sample
  • B. gift
  • C. premium
  • D. trade
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30

Which of the following does not belong to the group?

  • A. Posters
  • B. Window display
  • C. Free samples
  • D. Hoarding of goods
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31

Which of the following does not belong to the group?

  • A. Posters
  • B. Window display
  • C. Free samples
  • D. Hoarding of goods
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32

One disadvantage of of rail transport is?

  • A. suitability for fragile goods
  • B. obsence of pilferage
  • C. vulnerability to severe weather
  • D. inflexibility
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33

A transporter who does not reject carrying lawful goods to destination is?

  • A. tramp vessel
  • B. ocean liner
  • C. Common carrier
  • D. private carrier
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34

A transporter who does not reject carrying lawful goods to destination is?

  • A. tramp vessel
  • B. ocean liner
  • C. Common carrier
  • D. private carrier
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35

Which of the following provides a proof posting and that the item has got to the addressee?

  • A. Certificate of posting
  • B. Recorded delivery
  • C. Registration latter
  • D. Express letter
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36

Who the following sells among securities in anticipation of a fall in price?

  • A. Bear
  • B. Stag
  • C. Jobber
  • D. Bull
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37

If the insured has been fully indemnified, the insurers are entitled to take any advantage due the insured. The principle of insurance involved is?

  • A. indemnity
  • B. suborgation
  • C. contribution
  • D. insurable interest
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38

Which of the following is taken type of insurance is taken against claims made by staff who get injured while at work?

  • A. Fidelity guarantee insurance
  • B. Consequential loss insurance
  • C. Products' liability insurance
  • D. Employers' liability company
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39

The process of dealing with a cheque once it has been paid into the creditor’s bank is?

  • A. clearing
  • B. accepting
  • C. negotiating
  • D. discounting
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40

The process of dealing with a cheque once it has been paid into the creditor’s bank is?

  • A. clearing
  • B. accepting
  • C. negotiating
  • D. discounting
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41

Quality discount is offered to persuade the buyer to?

  • A. pay promptly
  • B. defer payment
  • C. pay a deposit
  • D. buy more
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42

Quality discount is offered to persuade the buyer to?

  • A. pay promptly
  • B. defer payment
  • C. pay a deposit
  • D. buy more
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