The practice of selling in foreign markets at less than cost price is known as?

• A. fair trading
• B. over-invoicing
• C. smugging
• D. dumping

Which of the following is not a method of trade restriction?

• A. Exchange control
• B. Stock exchange
• C. Import licence
• D. Embargo

One of the reasons for national of industries is?

• A. for efficient management
• B. to comtrol corruoption and nepotism
• C. increase the number of shareholders
• D. to control corruption performance of strategic industries

Which of the following must be submitted to the Registrar of Companies before the company is incorporated?

• A. Articles of Association and Certificate of Incorporation
• B. Memorandum of Association and Certificate of Incorporation
• C. Articles of Association and Memorandum of Association
• D. Memorandum of association and Prospectus

Which of the following is a commercial service?

• A. Transporting
• B. Garri processing
• C. Oil drilling
• D. Lumbering

The value stated on the share certificate as opposed to the current value is called?

• A. premium value
• B. exchange value
• C. nominal value
• D. discount value

The process of buying and selling and distribution of goods and services is known as?

• A. retail trade
• B. commerce
• C. marketing concept
• D. marketing mix

The Act designed to reserve certain businesses exclusively for Nigerians is known as the?

• A. Sale of Goods Act
• B. Weights and Measures Act
• C. Nigerian Enterprises Promotion Act
• D. Standards Organization of Nigeria Act

The interplay of such variables as product, price, distribution and promotion is known as?

• A. the distribution mix
• B. market segmentation
• C. the market mix
• D. the marketing concept

Mention and explain five ways in which a business discharges its social responsibilities to the society.