Jamb 1998 Commerce Past Questions And Answers
Product X was introduced into the market at N4.00 with its cost of product at N3.90 while competing products are at N4.50. What pricing policy are producers of X adopting?
- A. market skimming
- B. market penetration
- C. product live promotion
- D. above the market pricing
Under normal circumstances, a business enterprise can be ideally structured
- A. by product, function or territories
- B. around the personalities in the enterprise
- C. on the ruling of the management
- D. on the basis of an order from stockholders
The oral presentation iv a conversation with one or more prospective buyers for the purpose of making sales is
- A. branding of goods
- B. personal selling
- C. packaging
- D. publicity
A person who is cheated in business transaction can seek legal remedy
- A. even if the agreement is verbal and the amount involved is large
- B. only if the business is a sole proprietorship whose owner is known
- C. regardless of the form of business organization
- D. only if the transaction is documented in a contract
One advantage the co-operative society has over the company is that the
- A. the latter pays tax while the former does not
- B. former attract more capitals than the later
- C. members of the former is usually morethan the latter
- D. former, unlike the latter, has limited liabities
Personnel activities that promote the general image of an organization are part of
- A. advertising
- B. sales promotion
- C. public relations
- D. business correspondence
One of the factors which critically determines the choice of occupation is
- A. traning
- B. skills
- C. aptitude
- D. interest
Sabo and Gambo entered into a contract for the sale of two baskets of tomatoes belonging to Gambo. Before the date the date of delivery and without any default by Gambo, the tomatoes were stolen. This is an example of termination of contract by
- A. breach
- B. performance
- C. fault
- D. frustration
The most important difference between community banks and peoples’ bank is that the?
- A. latter is owned solely by government while the former are not
- B. former cater for ruler dwellers while the latter cater for both rural and urban dwellers
- C. former are service oriented while the latter are profit oriented
- D. latter advances loans to the public while former advance loans to the rural dwellers only
EXTERNAL ENVIRONMENT INTERNAL ENVIRONMENT EXTERNAL ENVIRONMENT Which of the following sequences can best fit into the structure above?
- A. People control ideals
- B. Material production ideas
- C. Finance marketing production
- D. Material production product