A distinctive feature of a personal selling is the
- A. face to face meeting of seller and buyer
- B. selling of cheap items only
- C. sale of industrial goods only
- D. hawking of goods
People who are against advertising claim that it
- A. widens the market for consumer goods
- B. encourages consumers to buy what they do not need
- C. emphasizes the good feature of a particular product
- D. promotes competion among firms
Which of the following would be necessary before the introduction of a new product?
- A. Product differentiation
- B. Target marketing
- C. Market research
- D. Market segmentation
Which of the following would be necessary before the introduction of a new product?
- A. Product differentiation
- B. Target marketing
- C. Market research
- D. Market segmentation
Which of the following is a means by which a contract of agency could be terminated?
- A. Mutual agreement
- B. Lack of consideration
- C. Failure to insure the contract
- D. Payment of commission
Which of the following is a means by which a contract of agency could be terminated?
- A. Mutual agreement
- B. Lack of consideration
- C. Failure to insure the contract
- D. Payment of commission
Which of the following makes it an offense for a trader to make untrue statement about his goods?
- A. Consumerism
- B. Consumer Credit Act
- C. Trade Description Act
- D. Price Control Act
Which of the following makes it an offense for a trader to make untrue statement about his goods?
- A. Consumerism
- B. Consumer Credit Act
- C. Trade Description Act
- D. Price Control Act
Commercial activities among West African countries are greatly hindered by
- A. nationalization decree
- B. lack of an acceptable medium of exchange
- C. good road network
- D. too many commercial banks
Commercial activities among West African countries are greatly hindered by
- A. nationalization decree
- B. lack of an acceptable medium of exchange
- C. good road network
- D. too many commercial banks
The people involved in the formation of new companies are called?
- A. members
- B. directors
- C. shareholders
- D. promoters
Which of the following is a function of a stock broker
- A. Provision of short-term capital
- B. Giving investment advice
- C. Regulation of stock exchange practices
- D. Granting of loans to investors
Which of the following is a function of a stock broker
- A. Provision of short-term capital
- B. Giving investment advice
- C. Regulation of stock exchange practices
- D. Granting of loans to investors
When a quotation is marked C.W.O , it means
- A. no credit facility is allowed
- B. no discount is allowed
- C. the buyer should beware
- D. the seller should beware
When a quotation is marked C.W.O , it means
- A. no credit facility is allowed
- B. no discount is allowed
- C. the buyer should beware
- D. the seller should beware
Time policy in insurance is associated with
- A. motor vehicles
- B. ships at sea
- C. life endowment
- D. goods in transit
A retail outlet is described as a multiple shop when it
- A. has many shops under one roof
- B. sells goods which are not standardized
- C. sells through catalogue
- D. deals in one line of goods
A retail outlet is described as a multiple shop when it
- A. has many shops under one roof
- B. sells goods which are not standardized
- C. sells through catalogue
- D. deals in one line of goods
If the amount of dividend paid varies according to the level of profit; what type of share is involved?
- A. Cumulative preference share
- B. Preference share
- C. Deferred share
- D. Ordinary share
Postage marks can be printed on letters and parcels using
- A. Teleprinter machine
- B. facsimile machine
- C. folding machine
- D. franking machine
Postage marks can be printed on letters and parcels using
- A. Teleprinter machine
- B. facsimile machine
- C. folding machine
- D. franking machine