Commerce

The best pricing strategy for a company that produces warm clothing is?

A. target return pricing B. bid pricing C. variable pricing D. product line pricing Correct Answer: Option D - product…

4 years ago

The main concern of marketing concept is to?

A. reduce the number of retail outlets B. identify consumer needs and satisfy them C. increase sales to meet consumers…

4 years ago

The conversion of raw materials into finished goods leads to the creation of?

A. form utility B. product utility C. possession utility D. place utility Correct Answer: Option A - form utility Explanation…

4 years ago

Which of the following is a matter of personal preference on the part of a superior officer?

A. Unity of command B. Span of control C. Delegation of authority D. Unity of direction Correct Answer: Option C…

4 years ago

A prerequisite for admission into the Second Tier Securities Market is for a company to?

A. make 20% of its equity share available to the public for subscription B. have a minimum of 100 shareholders…

4 years ago

The instrument used in the capital market is?

A. treasury bills B. bill of exchange C. stock D. debenture Correct Answer: Option C - stock Explanation A stock…

4 years ago

A characteristics of money which ensures that its value is not lost is?

A. homogeneity B. easy portability C. divisibility D. relative scarcity Correct Answer: Option D - relative scarcity Explanation Relative Scarcity:…

4 years ago

One of the functions of NACCIMA is?

A. negotiating with labour unions in matters of wages and conditions of service B. pooling of members' resources for long-term…

4 years ago

A public company with an authorized capital of N60000 issued N36000 shares at 1.50k each. What is its capital?

A. N60,000 B. N36,000 C. N54,000 D. N90,000 Correct Answer: Option C - N54,000 Explanation 36000 x 1.50k 54,000

4 years ago

An arrangement by independent firms to share the market of their products on quota basis is referred to as?

A. trust B. integration C. syndicate D. cartel Correct Answer: Option C - syndicate Explanation A syndicate is an association…

4 years ago