The face-to-face meeting of the seller with the buyer for the purpose of making sales is?
- A. mass selling
- B. impulse buying
- C. personal selling
- D. sales promotion
A paid presentation about a product with a view to encouraging by an identified sponsor is?
- A. publicity
- B. personal selling
- C. sales promotion
- D. advertisement
One of the objectives of the niger basin commission is to?
- A. regulate the movement of citizens across the borders
- B. impose tariff and quota on non-members
- C. regulate the movement of cargo along the river
- D. streamline the construction of dams on the river
The safe keeping of goods produced until they are needed is?
- A. hoarding
- B. marking
- C. packaging
- D. warehousing
A specially-designed mode of transport for conveying liquid and gas is a?
- A. coaster
- B. tanker
- C. liner
- D. ferry
A cheque that could be cashed over the counter by the payee is?
- A. certified cheque
- B. crossed cheque
- C. open cheque
- D. bank draft
When a company insures the lives of all its employees collectively, the policy is?
- A. accident insurance
- B. fleet insurance
- C. fidelity guarantee insurance
- D. group insurance
An insurance policy which is not a contract of indemnity is?
- A. burglary insurance
- B. fire insurance
- C. life insurance
- D. motor insurance
The financial market where existing shares and bonds are bought and sold is the?
- A. forex market
- B. stock market
- C. money market
- D. commodity market
The issue of shares which allows existing shareholders to buy shares at a preferential price is?
- A. bonus issue
- B. offer for sale
- C. public offer
- D. rights issue
The bank which acts as the lender of last resort is the?
- A. central bank
- B. commercial bank
- C. merchant bank
- D. mortgage bank
The share value stated on a share certificate is?
- A. above par value
- B. below par value
- C. market value
- D. nominal value
The right to buy or sell stock exchange with a stipulated period is?
- A. option
- B. contango
- C. backwardation
- D. brokerage
A request for goods from another country by an importer would be made using?
- A. an invoice
- B. an indent
- C. an order
- D. a quotation
A document issued by the seller`s own courier and signed by the customer to acknowledge receipt of the goods is?
- A. advice note
- B. consignment note
- C. delivery note
- D. freight note
A discount deducted from the invoice price of goods to enable the retailer to make profit is?
- A. cash discount
- B. functional discount
- C. trade discount
- D. seasonal discount
One advantage of small scale retail outlet is?
- A. availability of self service facilities
- B. ability to buy in bulk
- C. easy access to large amount of capital
- D. personal attention to customers
A feature of supermarkets which distinguishes it from other large scale retail outlets is that items sold are?
- A. mainly household goods
- B. mainly industrial goods
- C. delivered by post
- D. one line of products
Goods brought into the country for sale are the country`s?
- A. invisible imports
- B. invisible exports
- C. visible imports
- D. visible exports
The difference between a country`s imports and exports of goods in a particular year is?
- A. terms of trade
- B. terms of payment
- C. balance of payment
- D. balance of trade
The last link in a channel of distribution is the?
- A. wholesaler
- B. retailer
- C. consumer
- D. agent