by Sunday | Dec 13 | Commerce JAMB
A. commission agent B. del credere agent C. broker D. factor Correct Answer: Option B – del credere agent Explanation Del Credere Agent Law and Legal Definition. A del credere is an agent who guarantees the solvency of third parties with whom the agent contracts...
by Sunday | Dec 13 | Commerce JAMB
A. the channel of distribution B. sales promotion C. the advertising agency D. the middle men Correct Answer: Option A – the channel of distribution Explanation A distribution channel is a chain of businesses or intermediaries through which a good or service...
by Sunday | Dec 13 | Commerce JAMB
A. consumerism B. market segmentation C. selling concept D. marketing concept Correct Answer: Option D – marketing concept Explanation The marketing concept is the philosophy that firms should analyze the needs of their customers and then make decisions to...
by Sunday | Dec 13 | Commerce JAMB
A. be rigid B. show government policy C. facilitate communication D. be acceptable Correct Answer: Option C – facilitate communication Explanation Features of a Good Organisational Structure: Clear line of authority. Adequate delegation of authority. Lesser...
by Sunday | Dec 13 | Commerce JAMB
A. unity of direction B. espirit de corps C. unity of purpose D. discipline Correct Answer: Option B – espirit de corps Explanation Esprit de corps is a feeling of loyalty and pride that is shared by the members of a group who consider themselves to be different...
by Sunday | Dec 13 | Commerce JAMB
A. staffing B. controlling C. organizing D. directing Correct Answer: Option B – controlling