by Sunday | Dec 13 | Commerce JAMB
A. informal contract B. formal contract C. contract of records D. specialty contract Correct Answer: Option C – contract of records Explanation A contract of record is one which has been declared and adjudicated by a court having jurisdiction, or which is...
by Sunday | Dec 13 | Commerce JAMB
A. differentiation B. segmentation C. skimming D. penetration Correct Answer: Option B – segmentation Explanation Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different...
by Sunday | Dec 13 | Commerce JAMB
A. augmented benefit B. branded benefit C. core benefit D. formal benefit Correct Answer: Option C – core benefit Explanation The fundamental need or want that consumers satisfy by consuming the product or...
by Sunday | Dec 13 | Commerce JAMB
A. Packaging B. Market selection C. Labelling D. Market skimming Correct Answer: Option D – Market skimming Explanation Price Skimming. Price skimming is when you have a very high price that makes your product only accessible upmarket. Price skimming is...
by Sunday | Dec 13 | Commerce JAMB
A. distribution of goods and services that human wants B. transportation of goods and services that human wants C. transfer of title of ownership of goodsand services to individuals D. production of goods and services that satisfy human needs Correct Answer: Option D...
by Sunday | Dec 13 | Commerce JAMB
A. a directive B. an advice C. a command D. a delegation Correct Answer: Option B – an advice