by Sunday | Dec 12 | Commerce JAMB
A. void contract B. unenforceable contract C. voidable contract D. valid contract Correct Answer: Option C – voidable contract Explanation A voidable contract is a formal agreement between two parties that may be rendered unenforceable for a number of legal...
by Sunday | Dec 12 | Commerce JAMB
A. it elevates his living standard B. his turnover will increase C. people pay on installment D. it enhances high level of patronage Correct Answer: Option B – his turnover will increase Explanation Advantages of hire purchase to the seller: Increases sales and...
by Sunday | Dec 12 | Commerce JAMB
Mr. Taiwo entered into a contract to let a car to Mr. Bunmi for his wedding for two days. However, the car had an accident before the first day. Mr. Bunmi attempted to claim damages but failed. This implies the contract was terminated by A. bankruptcy B. frustration...
by Sunday | Dec 12 | Commerce JAMB
A. labelling B. packaging C. market selection D. market skimming Correct Answer: Option D – market skimming Explanation Market Skimming Pricing. a pricing approach in which the producer sets a high introductory price to attract buyers with a strong desire for...
by Sunday | Dec 12 | Commerce JAMB
A. a personal selling B. sales promotion C. advertising D. publicity Correct Answer: Option B – sales promotion Explanation Sales promotion is the process of persuading a potential customer to buy the product. Examples include contests, coupons, freebies, gifts,...