Commerce

A distinctive feature of personal selling is the?

A. face to face meeting of seller and buyer B. selling of cheap items only C. sale of industrial goods…

6 years ago

People who are against advertising claim that it?

A. widens the market for consumer goods B. encourages consumers to buy what they do not need C. emphasizes the…

6 years ago

Which of the following would be necessary before the introduction of a new product?

A. Product differentiation B. Target marketing C. Market research D. Market segmentation Correct Answer: Option C C. Market research

6 years ago

Which of the following is a means by which a contract of agency could be terminated?

A. Mutual agreement B. Lack of consideration C. Failure to ensure the contract D. Payment of commission Correct Answer: Option…

6 years ago

Which of the following makes it an offense for a trader to make untrue statement about his goods?

A. Consumerism B. Consumer Credit Act C. Trade Description Act D. Price Control Act Correct Answer: Option A A. Consumerism

6 years ago

Commercial activities among West African countries are greatly hindered by?

A. nationalization decree B. lack of an acceptable medium of exchange C. good road network D. too many commercial banks…

6 years ago

The people involved in the formation of new companies are called?

A. members B. directors C. shareholders D. promoters Correct Answer: Option C C. shareholders

6 years ago

Which of the following is a function of a stock broker?

A. Provision of short-term capital B. Giving investment advice C. Regulation of stock exchange practices D. Granting of loans to…

6 years ago

When a quotation is marked C.W.O, it means?

A. no credit facility is allowed B. no discount is allowed C. the buyer should beware D. the seller should…

6 years ago

Time policy in insurance is associated with?

A. motor vehicles B. ships at sea C. life endowment D. goods in transit Correct Answer: Option D D. goods…

6 years ago