Commerce

The term consumer sovereignty means that?

A. seller is the king B. product is supreme C. buyer is the king D. producer is the king Correct…

6 years ago

Which of the following aids to trade is used to stimulate demand for goods?

A. banking B. transport C. insurance D. advertising Correct Answer: Option D D. advertising Explanation Advertising is a means of…

6 years ago

The value of Bamidele authorized share capital is?

Use the following information to answer the question Bamidele co. ltd has authorized capital of 40,000,000, ordinary shares of N4…

6 years ago

An association that protects the interest of members in the same line of business is?

A. consumer association B. trade union C. trade association D. chamber of commerce Correct Answer: Option C C. trade association…

6 years ago

Which of the following means of payment makes the bank both the drawer and drawee?

A. standing order B. bill of exchange C. bank draft D. open cheque Correct Answer: Option C C. bank draft…

6 years ago

How many countries make up the River Niger Basin commission?

A. 16 B. 12 C. 10 D. 9 Correct Answer: Option D D. 9 Explanation Today the Niger Basin Authority…

6 years ago

When a government acquires business enterprises formerly owned by individuals, it is termed?

A. commercialization B. indigenization C. privatization D. nationalization Correct Answer: Option D D. nationalization Explanation Nationalization is the process of…

6 years ago

Which of the following aids to trade facilitates production ahead of demand?

A. insurance B. transport C. advertising D. warehousing Correct Answer: Option D D. warehousing Explanation Warehousing is the act of…

6 years ago

Dividing the market for a product according to potential buyers who have common characteristics is?

A. market analysis B. market penetration C. market segmentation D. market research Correct Answer: Option C C. market segmentation Explanation…

6 years ago

The insurance services rendered to a foreign shipping company are treated as?

A. invisible export B. invisible imports C. visible export D. balance of payment Correct Answer: Option A A. invisible export…

6 years ago