Commerce

The critical factor in organizing a business is?

A. money B. capital C. machinery D. management E. control Correct Answer: Option D - management

5 years ago

Branding is a good example of?

A. informative advertising B. marketing mix C. persuasive advertising D. consumerism E. competitive advertising Correct Answer: Option E - competitive…

5 years ago

In the contract of sale of goods,”let the buyer beware” is signified by?

A. del credere B. uberrima fidei C. caveat emptor D. res ipsa loquitor E. caveat vendetta Correct Answer: Option C…

5 years ago

A counter offer operates as?

A. an acceptance B. an offer C. a rejection D. an agreement E. a contract Correct Answer: Option C -…

5 years ago

Production ends when goods?

A. and services are used by the producer B. are packed and labeled C. are sold in the market D.…

5 years ago

Which of the following towns was important to the trans-Saharan traders?

A. Enugu B. Oyo C. llorin D. Kaduna E. Kano Correct Answer: Option E - Kano

5 years ago

Which of the following support the view that there was commerce in Nigeria many years ago?

A. The economy was consistent B. Specialization was minimal C. Cowries were used as money D. Horses were used as…

5 years ago

Which of the following convert raw materials into finished goods?

A. Extractive industry B. Manufacturing C. Commercial occupation D. Constructive industry E. Tertiary industry Correct Answer: Option B - Manufacturing

5 years ago

The practice of employing specialists in relevant occupations is a feature of?

A. subsistence economy B. mobility of labour C. mixed economy D. exchange economy E. division of labour Correct Answer: Option…

5 years ago

The process of buying and selling and distribution of goods and services is known as?

A. retail trade B. commerce C. marketing concept D. marketing mix E. wholesale trade Correct Answer: Option B - commerce

5 years ago