by Sunday | Dec 14 | Commerce JAMB
A. indemnify him against liabilities incurred on duty B. award scholarship to his children C. terminate his appointment without prior notice D. indemnify him against injuries caused through negligence Correct Answer: Option A – indemnify him against liabilities...
by Sunday | Dec 14 | Commerce JAMB
A. principal and the creditor B. bailee and the bailor C. principal and the agent D. shareholder and the creditor Correct Answer: Option C – principal and the agent Explanation This is a business relationship where a principal gives legal authority to an agent...
by Sunday | Dec 14 | Commerce JAMB
A. legal and written B. legal and binding C. legal and attractive D. legal and harmonious Correct Answer: Option B – legal and binding Explanation A valid contract is a written or expressed agreement between two parties to provide a product or service. The...
by Sunday | Dec 14 | Commerce JAMB
A. product differentiation B. persuasive advertising C. publicity D. packaging Correct Answer: Option B – persuasive advertising Explanation Persuasive advertising: A type of product promotion that attempts to influence a consumer in favor of a purchasing...
by Sunday | Dec 14 | Commerce JAMB
A. marketing concept B. consumerism C. sales promotion D. marketing mix Correct Answer: Option C – sales promotion Explanation Sales promotion is the process of persuading a potential customer to buy the product. Examples include contests, coupons, freebies,...
by Sunday | Dec 14 | Commerce JAMB
A. place mix B. promotion mix C. price mix D. product mix Correct Answer: Option D – product mix Explanation Product mix, also known as product assortment, refers to the total number of product lines a company offers to its...