by Sunday | Sep 27 | NABTEB QUESTIONS
Factors that contributes to the growth of commerce in Nigeria are: (i) Development of modern techniques of production: This gives rise to production of goods in large quantity and makes buying and selling possible thereby helping to promote the growth of commerce (ii)...
by Sunday | Sep 27 | NABTEB QUESTIONS
Reasons, why commerce is important in the life of a nation, are: (i) Commerce facilitates the exchange of goods and service through buying and selling (ii) Commerce makes storage possible through warehousing (iii) Commerce provides employment opportunities (iv)...
by Sunday | Sep 27 | NABTEB QUESTIONS
ARTICLES OF ASSOCIATION i. The method of issue, transfer and forfeiture of the company’s shares. ii. The right and responsibilities of shareholders. iii. The rights and responsibilities of directors iv. How directors and other officers may be appointed or elected. v....
by Sunday | Sep 27 | NABTEB QUESTIONS
The Documents that are Associated with Limited Liability Companies are: i. The memorandum of association ii. The articles of association iii. The prospectus iv. The certificate of incorporation v. Trading certificate vi. The register of shareholders vii. Statutory...
by Sunday | Sep 27 | NABTEB QUESTIONS
The various chains of distribution that are available to manufacturers are: i. Manufacturer → Agent → Wholesaler → Retailer → Consumer ii. Manufacturer → Wholesaler → Retailer → Consumer iii. Manufacturer → Retailer → Consumer iv. Manufacturer → Consumer. v....
by Sunday | Sep 27 | NABTEB QUESTIONS
Chain of distribution can be defined as the stages which goods or products pass through from the point of production to the point of consumption.