by Sunday | Dec 14 | Commerce JAMB
A. exchanging goods within a nation B. exchanging goods among countries C. importing goods to be re-exported D. exporting goods to be re-imported Correct Answer: Option C – importing goods to be re-exported Explanation Entrepot; Trade in which imported goods are...
by Sunday | Dec 14 | Commerce JAMB
A. a consular invoice B. a closed indents C. an open indent D. a freight note Correct Answer: Option C – an open indent Explanation An open indent is an order to an overseas purchasing agent to buy certain goods, without specifying the manufacturer. If the...
by Sunday | Dec 14 | Commerce JAMB
A. balance of payment B. terms of trade C. balance of trade D. terms of payment Correct Answer: Option C – balance of trade Explanation Balance of trade; the difference in value between a country’s imports and...
by Sunday | Dec 14 | Commerce JAMB
A. assembling B. wholesaling C. retailing D. merchandising Correct Answer: Option B – wholesaling Explanation Wholesaling is the business of distributing goods in bulk to other businesses that repackage them in smaller quantities for sale directly to...
by Sunday | Dec 14 | Commerce JAMB
A. after-sales services B. branding C. self-services D. vending machine Correct Answer: Option C – self-services Explanation Self-service; denoting a shop, restaurant, etc. where customers select goods for themselves and pay at a...
by Sunday | Dec 14 | Commerce JAMB
A. a retailer B. a wholesaler C. an agent D. an enterpreneur Correct Answer: Option A – a retailer Explanation Retailers render after sales service to customers