Commerce

A cheque dated 5/8/91 was dishonoured because it was a?

A. Certified cheque B. Marked cheque C. Specially crossed cheque D. Post-dated cheque E. Stale cheque Correct Answer: Option D…

5 years ago

A deduction made by a wholesaler from the catalogue price and which represents a retailer’s profit margin is called?

A. Cash discount B. Deferred discount C. Trade discount D. Quantity discount E. Cash on delivery Correct Answer: Option C…

5 years ago

A cheque that is drawn in the name of a bank instead of the account holder’s name is called?

A. Bank statement B. Bill of exchange C. Specially crossed cheque D. Certified cheque E. Bank draft Correct Answer: Option…

5 years ago

A modern method of retailing whereby customers can make their purchases without the help of assistance or cashier is called?

A. Impulse buying B. One-step-shopping C. Self-service D. Automatic vending E. Auction sales Correct Answer: Option D - Automatic vending

5 years ago

Which of the following organizations aim primarily at protecting the consumer?

A. Standards Organization of Nigeria B. Chambers of Commerce C. State Security Service D. Nigeria Red Cross Society E. Manufacturers…

5 years ago

The system of collecting information with a view to determining the extent of demand for a product is known as?

A. advertising B. marketing research C. marketing D. marketing segmentation E. communication Correct Answer: Option B - marketing research

5 years ago

Which of the following ancillary service helps to maintain close contact between buyers and sellers?

A. Transport B. Insurance C. Banking D. Communication E. Advertising Correct Answer: Option D - Communication

5 years ago

The following factor must be considered before setting up a retail business except?

A. capital B. experience C. location D. size of market E. public relationship Correct Answer: Option E - public relationship

5 years ago

In large offices where a large number of mails is posted daily, which of the following quickens the stamping of envelopes?

A. Franking B. Collating C. Sorting D. Trimming E. Shredding Correct Answer: Option A - Franking

5 years ago

Bonded warehouse are controlled by?

A. wholesale merchants B. Co-operative wholesale society C. Shipping and forwarding agencies D. Customs and Excise authorities E. Freight forwarders…

5 years ago