by Sunday | Dec 12 | Commerce JAMB
A. syndicate B. merger C. cartel D. consortium Correct Answer: Option C – cartel Explanation Cartel: is a group of independent market participants, whose goal is to improve their profits and/or market position by reducing their mutual...
by Sunday | Dec 12 | Commerce JAMB
A. backward integration B. a consortium C. forward integration D. a syndicate Correct Answer: Option C – forward integration Explanation Forward integration is a business strategy that involves a form of vertical integration whereby business activities are...
by Sunday | Dec 12 | Commerce JAMB
A. establish a monopoly B. provide essential services C. provide employment opportunities D. encourage specialization Correct Answer: Option B – provide essential services Explanation Public corporations are established to provide essential services such as...
by Sunday | Dec 12 | Commerce JAMB
A. caveat emptor B. uberrimae fidei C. demurrage D. jettison Correct Answer: D – jettison Explanation Jettison: throw or drop (something) from an aircraft or ship. If a boat is leaking or an airplane is running out of fuel, you can buy more time by jettisoning...
by Sunday | Dec 12 | Commerce JAMB
A. rail B. road C. sea D. air Correct Answer: Option B – road