by Sunday | Dec 11 | Commerce JAMB
A. granting credit facilities to close relatives B. provision of after-sales services C. branding and packaging of goods D. warehousing of goods Correct Answer: Option B – provision of after-sales services Explanation After-sales service plays an important role...
by Sunday | Dec 11 | Commerce JAMB
A. Palm frond B. Metal gong C. Talking drum D. Gum blast Correct Answer: Option C – Talking drum Explanation Talking drum is one of a set of West African drums, each having a different pitch, which are beaten to transmit a tonal...
by Sunday | Dec 11 | Commerce JAMB
A. Kiosk B. Mobile shop C. Vending machine D. Tied shop Correct Answer: Option C – Vending machine Explanation vending machine: Electronic machine used to disperse a product to a consumer after a certain amount of money has been put into the machine. it is used...
by Sunday | Dec 11 | Commerce JAMB
A. after the offeror has made an offer B. when the offeror’s letter has reached the offeree C. when the offeree’s letter has been posted D. after the offeree’s letter has been received by the offeror Correct Answer: Option D – after the...
by Sunday | Dec 11 | Commerce JAMB
A. rate of turn over B. net profit C. gross profit D. cost of goods sold Correct Answer: Option B – net profit Explanation Net profit is the actual profit after working expenses not included in the calculation of gross profit have been...
by Sunday | Dec 11 | Commerce JAMB
A. cost paid for an empty space left in the ship B. charge for each day performance was delayed C. persons that hire a ship for a specific purpose D. cost of shipping a particular cargo for a specific voyage Correct Answer: Option A – cost paid for an empty...