by Sunday | Dec 11 | Commerce JAMB
A. target return pricing B. market skimming C. variable pricing D. market penetration Correct Answer: Option B – market skimming Explanation Market Skimming Pricing. a pricing approach in which the producer sets a high introductory price to attract buyers with a...
by Sunday | Dec 11 | Commerce JAMB
A. an inquiry B. an invoice C. an order D. a quotation Correct Answer: Option A – an inquiry Explanation A quotation is a document that offers goods or services at a stated price, under specified conditions: it allows a customer to see details before...
by Sunday | Dec 11 | Commerce JAMB
A. liquid capital B. circulating capital C. fixed capital D. nominal capital Correct Answer: Option B – circulating capital Explanation Circulating capital includes intermediate goods and operating expenses, i.e., short-lived items that are used in production...
by Sunday | Dec 11 | Commerce JAMB
A. an indent B. a certificate of origin C. a consular invoice D. an advice note Correct Answer: Option B – a certificate of origin
by Sunday | Dec 11 | Commerce JAMB
A. trading B. marketing C. insurance D. advertising Correct Answer: Option A – trading Explanation Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods...
by Sunday | Dec 11 | Commerce JAMB
A. delegate his duties to other staff B. charge the employee on the use of equipment C. serve faithfully and honestly D. provide job security Correct Answer: Option D – provide job security