by Sunday | Dec 11 | Commerce JAMB
A. Proximate cause B. Fidelity guarantee C. Consequential loss D. Surrender value Correct Answer: Option A – Proximate cause Explanation principles of insurance are Nature of contract, Principal of utmost good faith, Principle of Insurable interest, Principle of...
by Sunday | Dec 11 | Commerce JAMB
A. Increase a company’s number of customers B. Reduces a company area of patronage C. Increases a company’s operating costs D. Decreases a company’s operating costs Correct Answer: Option C – Increases a company’s operating costs Explanation Personal selling is...
by Sunday | Dec 11 | Commerce JAMB
A. Consideration B. offer C. contract D. agreement Correct Answer: Option C – contract Explanation Contract is a written or spoken agreement, especially one concerning employment, sales, or tenancy that is intended to be enforceable by...
by Sunday | Dec 11 | Commerce JAMB
A. Construction industry B. extractive industry C. manufacturing industry D. commercial industry Correct Answer: Option D – commercial industry Explanation Commercial Occupation: This refers to all the people involved in the distribution and exchange of goods...
by Sunday | Dec 10 | Commerce JAMB
A. Marketing concepts B. Selling concepts C. Consumerism D. Market segmentation Correct Answer: Option A – Marketing concepts Explanation The marketing concept is a customer-centered “sense and responds” philosophy. The job is not to find the right customers for...