by Sunday | Sep 28 | NABTEB QUESTIONS
The ways through which commercial banks can assist businesses in Nigeria. (i) Commercial banks accept cash and other valuables for safe keeping (ii) Commercial banks act as agents of their customers (iii) Commercial banks grant short term loans to their customers...
by Sunday | Sep 28 | NABTEB QUESTIONS
Types of cheques are: (i) Open cheque (ii) Crossed cheques (iii) Certified cheque (iv) Traveler’s cheque (v) Cashier’s cheque
by Sunday | Sep 28 | NABTEB QUESTIONS
Reasons why a wholesaler can be eliminated from the chain of distribution: (i) Where perishable goods are involved (ii) Where the manufacturer has well-branded goods (iii) Where the goods are of a technical value requiring well-qualified technicians for sales,...
by Sunday | Sep 28 | NABTEB QUESTIONS
Wholesaler is the middleman or medium through which the producers’ products get to the consumer through retailers. He thus relieves the producer of the distributive functions. This lowers cost for the producer since he does not have to invest on rail outlets or engage...
by Sunday | Sep 28 | NABTEB QUESTIONS
(i) Sales of goods act: This law states the right and duties of both buyer and sellers. (ii) Usury laws: These are laws that fix the rate of interest that may be charged on loans. (iii) Hire Purchase Act: This sets out the rights and duties of the hire purchaser from...
by Sunday | Sep 28 | NABTEB QUESTIONS
Laws that protect the consumers: (i) Sale of good act (ii) Usury laws (iii) Hire purchase act (iv) The price control decree (v) Food and drugs act