by Sunday | Dec 14 | Commerce JAMB
A. valid contract B. quasi contract C. voidable contract D. conditional contract Correct Answer: Option C – voidable contract Explanation When a contract is entered into without the free consent of the party, it is considered a voidable contract. Voidable...
by Sunday | Dec 14 | Commerce JAMB
A. public relations B. advertising C. sales promotion D. rebranding Correct Answer: Option A – public relations Explanation Public relations is the professional maintenance of a favourable public image by a company or other organization. It is done to create a...
by Sunday | Dec 14 | Commerce JAMB
A. trademark B. branding C. packaging D. patent right Correct Answer: Option A – trademark Explanation Trademark is a symbol, word, or words legally registered or established by use as representing a company or...
by Sunday | Dec 14 | Commerce JAMB
A. target return pricing B. bid pricing C. variable pricing D. product line pricing Correct Answer: Option D – product line pricing Explanation product line pricing, is a marketing process wherein products or services within a specific group are set at different...
by Sunday | Dec 14 | Commerce JAMB
A. reduce the number of retail outlets B. identify consumer needs and satisfy them C. increase sales to meet consumers needs D. encourage division of labour Correct Answer: Option B – identify consumer needs and satisfy them Explanation Marketing is “the process...
by Sunday | Dec 14 | Commerce JAMB
A. form utility B. product utility C. possession utility D. place utility Correct Answer: Option A – form utility Explanation Form utility is the value a consumer sees in a finished product.