Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

2794

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
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2795

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
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2796

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
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2797

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
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2798

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
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2799

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
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2800

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
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2801

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
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2802

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
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2803

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
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2804

The people involved in the formation of new companies are called?

  • A. members
  • B. directors
  • C. shareholders
  • D. promoters
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2805

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
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2806

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
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2807

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
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2808

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
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2809

Time policy in insurance is associated with

  • A. motor vehicles
  • B. ships at sea
  • C. life endowment
  • D. goods in transit
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2810

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
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2811

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
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2812

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
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2813

Postage marks can be printed on letters and parcels using

  • A. Teleprinter machine
  • B. facsimile machine
  • C. folding machine
  • D. franking machine
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2814

Postage marks can be printed on letters and parcels using

  • A. Teleprinter machine
  • B. facsimile machine
  • C. folding machine
  • D. franking machine
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