by Sunday | Dec 11 | Commerce JAMB
A. reach the final consumer B. are used for manufacturing C. are packaged and labelled D. are sold to the middlemen Correct Answer: Option A – reach the final consumer Explanation The primary aim of the producer is to satisfy human wants, i.e the final...
by Sunday | Dec 11 | Commerce JAMB
A. industry B. trade C. tariff D. marketing Correct Answer: Option B – trade Explanation This is the practice of exchanging goods for goods and services for services
by Sunday | Dec 11 | Commerce JAMB
A. co-operative society B. public enterprise C. private enterprise D. limited company Correct Answer: Option B – public enterprise Explanation This is a business organisation established, owned, managed and financed with tax payer’s money by the government...
by Sunday | Dec 11 | Commerce JAMB
A. could be misleading B. decreases sales C. reduces profit D. causes over stocking Correct Answer: Option A – could be misleading Explanation Sometimes the manufacturer can give false information regarding a product to the...
by Sunday | Dec 11 | Commerce JAMB
A. recognizability B. durability C. portability D. homogeneity Correct Answer: Option D – homogeneity Explanation This is the attribute of money having same composition throughout the country.
by Sunday | Dec 11 | Commerce JAMB
A. Nigeria Export Processing Zone B. Nigeria Export Promotion council C. Nigeria Port Authority D. Customs and Excise Authority Correct Answer: Option B – Nigeria Export Promotion council Explanation Export licence is the control document issued by a government...