An organization which focuses on consumers satisfaction is practicing

• A. Marketing concepts
• B. Selling concepts
• C. Consumerism
• D. Market segmentation

The development of commercial activities in Nigeria was facilitated largely by

• A. a good transport system
• B. the indigenization decree
• C. a convenient medium of exchange
• D. a high level of production

Foreign trade is concerned with

• A. exchange of goods and services among companies
• B. buying and selling of imported goods
• C. exchange of goods and services among citizens
• D. buying and selling of goods and services among countries

Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller’s warehouse up to his own warehouse?

• A. LOCO
• B. F.O. R
• C. F.A.S
• D. C.I.F

When an industry is nationalized, ownership belongs to the?

• A. shareholders
• B. government
• C. tax payers
• D. indigenes

Which of the following is not reason for nationalization

• A. Encouraging foreign investors
• B. Reducing the remittance of profits abroad
• C. Training local enterpreneus
• D. Controlling the country's key industries

The creation of goods and services to satisfy human wants is referred to as?

• A. manufacturing
• B. commercialization
• C. production
• D. entrepreneurship

The most acceptance and convenient means of payment in foreign trade is?

• A. letter of credit
• B. bank-draft
• C. telegraphic money order
• D. promissory note

which of the following is the modern means of communication

• A. grape vine
• B. email
• C. whistles
• D. town crier

(a) Define a multiple shop

(b) State three features of a multiple shop

(c) Explain three advantages and three disadvantages of a Multiple shop.