Commerce

The sole purpose of production is?

A. employment B. promotion C. consumption D. competition E. enterprising Correct Answer: Option C - consumption

5 years ago

The major divisions of commerce are?

A. import, export and banking B. home trade and foreign trade C. trade and aids to trade D. exchange, consumption…

5 years ago

The tendency for firms and individuals to concentrate on the activity which is of most advantage of them is known as?

A. decentralization B. diversification C. commercialization D. specialization E. rationalization Correct Answer: Option D - specialization

5 years ago

Which of the following is a commercial service?

A. Transporting B. Garri processing C. Oil drilling D. Lumbering E. Tailoring Correct Answer: Option A - Transporting

5 years ago

In winding-up a company, the assets of the company are vested in the hands of the?

A. receiver B. liquidator C. registrar of companies D. directors of companies E. the government Correct Answer: Option B -…

5 years ago

The advantage road transport has over other means of transport is that?

A. intermediate terminal handling is eliminated by door-to-door delivery B. specialized vehicles can be used to carry certain goods C.…

5 years ago

Turnover may be increased by?

A. increasing prices and product differentiation B. advertising and cutting prices C. refusing credits and customer services D. increasing the…

5 years ago

In which of the following classes of occupation would you place a commerce teacher?

A. Commercial B. Extractive C. Direct service D. Manufacturing E. Construction Correct Answer: Option C - Direct service

5 years ago

Which of the following is concerned with obtaining raw materials from their natural locations?

A. Extractive industry B. Manufacturing industry C. Construction industry D. Transport industry E. Engineering industry Correct Answer: Option A -…

5 years ago

Into which of the following countries does a Nigeria not need a visa to enter?

A. America B. Ghana C. Russia D. Kenya E. Libya Correct Answer: Option B - Ghana

5 years ago