The set of actions of governments, and other organized bodies in response to users’ complaints about goods and services is known as
- A. Consumer soveriegnty
- B. consumer protection
- C. consumer orientation
- D. consumer loyalty
- E. consumers' preference
Which of the following brings a public corporation into existence
- A. Certificate of Incorporation
- B. Certificate of trading
- C. Acts of Parliament
- D. Registeration
- E. Prospectus
A contract to take possession of goods on installment payment with the option to transfer ownership after full payment is known as
- A. credit sale
- B. conditional sale
- C. hire purchase
- D. trade-in-sale
- E. leasing
A contract to take possession of goods on installment payment with the option to transfer ownership after full payment is known as
- A. credit sale
- B. conditional sale
- C. hire purchase
- D. trade-in-sale
- E. leasing
A transporter who had to sell some perishable goods without the authority of the owner becomes an agent by
- A. estoppel
- B. necessity
- C. ratification
- D. conduct
- E. appointment
A transporter who had to sell some perishable goods without the authority of the owner becomes an agent by
- A. estoppel
- B. necessity
- C. ratification
- D. conduct
- E. appointment
A mercantile agent having title to goods in his possession is known as
- A. factor
- B. broker
- C. jobber
- D. auctioneer
- E. stag
A mercantile agent having title to goods in his possession is known as
- A. factor
- B. broker
- C. jobber
- D. auctioneer
- E. stag
When an acceptance to an offer is conditional, the offer becomes
- A. accepted
- B. a counter offer
- C. valid
- D. void
- E. frustrated
Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
Ola is the
- A. offeror
- B. offeree
- C. acceptor
- D. guarantor
- E. surety
Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
The #8,000 for the sale is
- A. an offer
- B. an acceptance
- C. a consideration
- D. a warranty
- E. a security
When a firm sets a low price for new product, this is said to be
- A. market swimming
- B. competitive pricing
- C. penetration pricing
- D. loss leader pricing
- E. target pricing
Which of the following s a form of public relations?
- A. Feature articles
- B. Window display
- C. Catalogue
- D. Transportation and delivery services
- E. Personal selling
Which of the following s a form of public relations?
- A. Feature articles
- B. Window display
- C. Catalogue
- D. Transportation and delivery services
- E. Personal selling
Which of the following is a demerit of advertising?
- A. Increases per-unit cost of goods
- B. Leads to increased profit for producers
- C. Provides information for customers
- D. Reduces per-unit cost of goods
- E. Increases competiton among producers
Business activities responsible for identifying, anticipating and satisfying customer’s requirements profitably are called
- A. advertising
- B. public relations
- C. marketing
- D. sales promotion
- E. sales management
Contraband goods seized by the Customs and Excise Authority are kept in the
- A. ordinary warehouse
- B. bonded warehouse
- C. public auctioneer's store
- D. state warehouse
- E. private warehouse
Which of the following defines communication in commerce?
- A. Movement of files
- B. Transmission of information
- C. Movement of people
- D. Storing of information
- E. Distribution of newspaper
Which of the following defines communication in commerce?
- A. Movement of files
- B. Transmission of information
- C. Movement of people
- D. Storing of information
- E. Distribution of newspaper
Which of the following facilities is very useful to an organization that posts a large number of mails regularly?
- A. Franking machine
- B. Business reply service
- C. Mail transfer
- D. Post restante
- E. Private mail bag
Which of the following facilities is very useful to an organization that posts a large number of mails regularly?
- A. Franking machine
- B. Business reply service
- C. Mail transfer
- D. Post restante
- E. Private mail bag