by Sunday | Dec 11 | Commerce JAMB
A. The internet is a system of telecommunication used for providing a variety of information and communication facilities B. Communicating long-distance messages C. Sending and receiving text messages D. Communicating messages through telegrams Correct Answer: Option...
by Sunday | Dec 11 | Commerce JAMB
A. Product mix B. Marketing concept C. marketing mix D. market segmentation Correct Answer: Option B – Marketing concept Explanation The marketing concept is the philosophy that firms should analyze the needs of their customers and then make decisions to satisfy...
by Sunday | Dec 11 | Commerce JAMB
A. Credit and loss B. visible and non-visible C. valid and invalid D. income and expenditure Correct Answer: Option B – visible and non-visible Explanation The balance of payments is a summary of all monetary transactions between a country and rest of the world....
by Sunday | Dec 11 | Commerce JAMB
A. Promotion B. price C. product D. place Correct Answer: Option D – place Explanation PLACE In the marketing mix, the process of moving products from the producer to the intended user is called place. In other words, it is how your product is bought and where...
by Sunday | Dec 11 | Commerce JAMB
A. Regular signature B. high amount of money written on the cheque C. insufficient funds D. general crossing Correct Answer: Option C – insufficient funds Explanation What is a Dishonored Cheque? A cheque is said to be honoured, if the banks give the amount to...
by Sunday | Dec 11 | Commerce JAMB
A. When all installments have been fully paid B. After payment of the first installment C. Before the payment of the first installment D. When half of the purchased price has been paid Correct Answer: Option A – When all installments have been fully paid...