by Sunday | Dec 11 | Commerce JAMB
A. after the offeror has made an offer B. when the offeror’s letter has reached the offeree C. when the offeree’s letter has been posted D. after the offeree’s letter has been received by the offeror Correct Answer: Option D – after the...
by Sunday | Dec 11 | Commerce JAMB
A. rate of turn over B. net profit C. gross profit D. cost of goods sold Correct Answer: Option B – net profit Explanation Net profit is the actual profit after working expenses not included in the calculation of gross profit have been...
by Sunday | Dec 11 | Commerce JAMB
A. cost paid for an empty space left in the ship B. charge for each day performance was delayed C. persons that hire a ship for a specific purpose D. cost of shipping a particular cargo for a specific voyage Correct Answer: Option A – cost paid for an empty...
by Sunday | Dec 11 | Commerce JAMB
A. target return pricing B. market skimming C. variable pricing D. market penetration Correct Answer: Option B – market skimming Explanation Market Skimming Pricing. a pricing approach in which the producer sets a high introductory price to attract buyers with a...
by Sunday | Dec 11 | Commerce JAMB
A. an inquiry B. an invoice C. an order D. a quotation Correct Answer: Option A – an inquiry Explanation A quotation is a document that offers goods or services at a stated price, under specified conditions: it allows a customer to see details before...