Commerce

When consumers engage in actions that express dissatisfaction with the quantity, price, and quality of goods available, such action is termed?

A. Consumer behaviour B. Consumerism C. Consumer education D. Consumer orientation Correct Answer: Option B B. Consumerism

6 years ago

The essence of adopting marketing concept by a firm is the recognition that goods and services have no values unless they are?

A. desirable to customers B. company-oriented C. beautifully packaged D. profit-oriented Correct Answer: Option A A. desirable to customers

6 years ago

A false statement made by one party with an intention of inducing to enter into a contract with him is known as?

A. misrepresentation B. legal capacity C. consensus ad idem D. consideration Correct Answer: Option A A. misrepresentation

6 years ago

Which of the following is not a member of the Lake Chad Basin Commission?

A. Nigeria B. Chad C. Gabon D. Cameroun Correct Answer: Option C C. Gabon

6 years ago

The development of commerce was encouraged by the desire to?

A. get goods and services of others B. work with others C. create wealth for the nation D. satisfy all…

6 years ago

The completion of the production process by grading and branding of goods is a function of the?

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

6 years ago

Which of the following pieces of information would be found in a typical debit note?

A. Customer code B. Date of invoice C. Brief reason for the debit D. E & O.E Correct Answer: Option…

6 years ago

Rights issue is the?

A. individual's right to be issued shares n subscription B. right of shareholders to vote on issues C. preferential right…

6 years ago

The relationship which subsists between two or more persons carrying on a business with a view to profit” is?

A. cooperative society B. partnership C. public limited company D. credit union Correct Answer: Option B B. partnership

6 years ago

Liquid capital in a business means the?

A. movable assets of the business B. authorized capital C. issued capital D. assets easily convertible to cash Correct Answer:…

6 years ago