Commerce Past Questions And Answers
2961
The art of soap making is an example of
- A. tertiary occupation
- B. construction occupation
- C. primary occupation
- D. secondary occupation
2962
The practice whereby soft drink manufacturers give away caps, bags and other items when consumers buy their product is a form of
- A. marketing strategies
- B. publicity
- C. advertising
- D. sales promotion
2963
A price quotation that covers the cost of goods and all other expenses incurred in delivering the goods to the buyer is called?
- A. CIF
- B. FAS
- C. Franco
- D. Loco
2964
Importing goods into a country re-exporting is know as
- A. home trade
- B. retail trade
- C. entrepot trade
- D. counter trade
2965
The sole legal right held by the author to publish his book is
- A. trademark
- B. copyright
- C. patent right
- D. bookmark
2966
A document issued to a buyer showing the quantity description and prices of goods bought is called
- A. a catalogue
- B. an invoice
- C. a price list
- D. an order
2967
The most important factor that delayed the development of commerce in Nigeria was?
- A.the inefficient means of communication
- B. that there were few entrepreneurs
- C. that there were few developed markets
- D. secondary production has to do with changing
2968
Which of the following is true of rail transport?
- A. Suitable for perishable goods
- B. Fast over long distances
- C. Maximum handling of goods
- D. Gaurantees safety of goods
2969
An example of after-sales services is
- A. sorting and grading of goods
- B. granting of discount
- C. provision of price list and terms
- D. free replacement of parts
2970
Sole enterprise may flourish best in
- A. a mining business
- B. a retailing business
- C. an oil exploration business
- D. a car assembly business