Commerce

Bonded warehouses are controlled by?

A. Export Promotion Council B. Ports Authority C. Customs and Excise Authority D. Clearing and Forwarding agents Correct Answer: Option…

6 years ago

Which of the following implies that the price quoted includes the cost of insurance and carriage?

A. F.O.B B. F.A.S C. C.O.D D. C.I.F Correct Answer: Option D - C.I.F

6 years ago

Which of the following is the most suitable channel of distribution for technical goods?

A. manufacturer-retailer-consumer B. manufacturer-wholesaler-retailer-consumer C. manufacturer-wholesaler-consumer D. manufacturer-consumer Correct Answer: Option D - manufacturer-consumer

6 years ago

Which of the following can be sold through a vending machine?

A. cigarettes B. shirts C. handbags D. shoes Correct Answer: Option A - cigarettes

6 years ago

Business losses in nationalized industries are borne by the?

A. Shareholders B. Debenture holders C. Board of directors D. Public Correct Answer: Option D - Debenture holders

6 years ago

Which of the following is not an economic grouping?

A. ECOWAS B. GATT C. ECOMOG D. EEC Correct Answer: Option D - EEC

6 years ago

The task of grouping consumers according to their buying habits is known as market?

A. diversification B. development C. expansion D. segmentation Correct Answer: Option D - segmentation

6 years ago

Direct selling by a producer to a consumer is possible when the?

A. goods have to be made on demand B. manufacturer has a good knowledge of the market C. customer buys…

6 years ago

A manufacturer of machinery who wants to reduce cost of promotion can use?

A. samples B. public relations techniques C. showrooms D. catalogues Correct Answer: Option D - catalogues

6 years ago

Which of the following is a disadvantage of canal transport? it is

A. narrow and cannot support big vessels B. not suitable for small ferries C. often for short journey D. suitable…

6 years ago