Which of the following services is not rendered by commercial banks?

• A. Business advice
• B. Currency notes issue
• C. Accepting deposits
• D. Credit transfer

Trade discount is given to the buyer for

• A. prompt payment
• B. credit purchase
• C. cash purchase
• D. retailer's mark-up

a) Explain the term “exchange in commerce

b) What isimpulse buying?

Which of the following brings about specialization?

• A. Recruitment of staff
• B. Division of labour
• C. Business resource
• D. Employer of labour

Second-tier Securities Market differ from the First-tier Securities Market in that the former is?

• A. highly restricted
• B. regulated by the SEC
• C. regulated by the NIPC
• D. less restricted

Manufacturing ends when goods?

• A. are advertised to the customers
• B. and services are used by the producers
• C. are packed and labelled
• D. reach the final user

Goods discharged from ships on which import duties have not been paid are kept in the

• A. ordinary warehouse
• B. public warehouse
• C. private warehouse
• D. bonded warehouse

They total amount of money actually received by a company out of the issued capital is?

• A. paid - up capital
• B. unissued capital
• C. reserved capital
• D. called-up capital

Which of the following advertising medium appeals to only the literate in the society

• A. radio advertising
• B. print media advertising
• C. television advertising
• D. cinema advertising

What is the most important use of promotion in marketing?

• A. Persuasion
• B. Conviction
• C. Information
• D. Education