Correct Answer: B. estoppel

Explanation

(i) Departmental Stores -

1. It is a large scale retail unit in which many different stores are housed in a large building under the same roof.
2. They are divided into different departments or stores.
3. Each department specialises in the sale of a particular type of product
4. Every product carries fixed price tag thereby making purchases simple and easy
5. Every department store has a General Manager who co-ordinates the activities of all Sectional Managers
6. They are found mainly in urban centres
7. They offer opportunity for one stop buying

(ii) Mobile Shop

1. They operate from motor vans or trucks and move from place to place
2. They sell a wider range of goods and are accessible to the consumers
3. They advertise their goods through playing of music, ringing bells or other methods.
4. They offer personal service to their customers.

(iii) Chain Stores

1. They are large scale retail business units with standard shop front scattered all over the country
2. They deal in one line of product in all their branches
3. Goods sold in all their branches are manufactured or purchased by the Head Office and distributed to all branches
4. Their prices are pre-determined by the Head Office
5. They are found in urban centres
6. Goods have price tags.

(iv) Mail Order Business

1. It is operated through the post
2. Its transaction is aided by the use of illustrated catalogues which customers use to order goods
3. Payment for goods is sent with order or through cash on delivery basis
4. It incurs lower overhead cost
5. It operates from its warehouses.

(v) Supermarkets

1. They are large scale retail self-services stores
2. They stock mainly household goods and food items under the same roof
3. Goods displayed have price tags for easy selection
4. Facilities like trolleys, baskets or trays are provided for customers to ease movement, selection and carriage
5. Gods collected are paid for and cross checked by the security guards stationed at exit doors
6. They provide packing space for their customers
7. They are located in city centres/population centres

Correct Answer: C. customs drawback

Correct Answer: B. persuasive advertising

Explanation

Persuasive Advertising is a type of product promotion that aims to persuade a consumer for buying a particular product, especially in the presence of several similar products in the same category. In addition to encouraging trial purchase, persuasive advertising can also be used to coax consumers to add and retain a particular brand in their consideration set, thereby increasing the chances of customer loyalty. Marketers use this form of advertising to generate demand for a new product or service or increase the demand for a product or service that already exists in the market. Comparative approach, where a brand demonstrates its superiority over some other brands in the same product category, is a commonly used form of persuasive advertising

Correct Answer: A. sales promotion

Correct Answer: A) customer's deposits

Explanation

A liability is an obligation or responsibility that a person or organization has to someone else. In the case of a commercial bank, a liability refers to the money that the bank owes to its customers. The money that customers deposit into their bank accounts is a liability for the bank because it has an obligation to pay back that money whenever the customer requests it.

Therefore, if a bank is unable to fulfill its obligation to pay back its customers' deposits, it could face serious financial consequences. This is why customer deposits are considered a major liability for a commercial bank.

While loans and advances, overdrafts, and staff allowances are also liabilities for a commercial bank, they are not considered major liabilities in the same way that customer deposits are. Loans and advances are liabilities because the bank has an obligation to pay back the money that it borrows from other financial institutions or the central bank. Overdrafts are liabilities because they represent a negative balance in a customer's account, meaning the bank owes the customer money. Staff allowances are liabilities because they represent money that the bank owes to its employees.

In summary, the major liability for a commercial bank arises from its customers' deposits, which the bank has an obligation to pay back whenever the customer requests it. Loans and advances, overdrafts, and staff allowances are also liabilities for the bank, but they are not major liabilities in the same way that customer deposits are

Correct Answer: A. lawful to both

Correct Answer: D. capacity to contract

Explanation

The elements of a valid contract are: offer, consideration, acceptance, capacity to create legal intention and consent.

Correct Answer: B. Unlimited

Correct Answer: D. Maintains all aircrafts in the country