2007 - JAMB Commerce Past Questions & Answers - page 1

1
Consumers require protection against exploitation to ensure?
A
adequate consumer awareness
B
availability of products variety
C
the sale of quality products
D
increased aggregate demand
CORRECT OPTION: c
2
The business environment that takes into cognizance the age distribution, ethnic mix and educational level of the consumer is?
A
demographic evironment
B
economic evironment
C
cultural environment
D
natural environment
CORRECT OPTION: a
3
An agent who takes tittle to goods and has authority to buy and sell on behalf of another is?
A
a jobber
B
a broker
C
a factor
D
an auctioneer
CORRECT OPTION: c
4
Citizens are against privatization mainly because of?
A
the rationalization of organizations
B
increased prices of goods and services
C
the likelihood of monopoly
D
ineffective management
CORRECT OPTION: b
5
The major achievement of ECOWAS is?
A
the expansion of regional trade
B
the emergance of a monetary union
C
infrastructural development in member countries
D
mobility of labour among member countries
CORRECT OPTION: a
6
An announcement of a person's willingness to enter into a contract is referred to as?
A
a proxy
B
an offer
C
a consideration
D
an acceptance
CORRECT OPTION: b
7
The macro-environment forces and trends which are a constraint on business operations are referred to as?
A
technological factors
B
economic factors
C
external factors
D
internal factors
CORRECT OPTION: a
8
Personal selling is most effective in marketing industrial goods because it involves?
A
recongnition and attachment to customers
B
personal interaction and information gathering
C
demonstrations and product acceptability
D
after-sales services and product demonstrations
CORRECT OPTION: b
9
The controllable variables that a firm uses to achieve its marketing objectives are called?
A
marketing principles
B
marketing mix
C
marketing concepts
D
marketing functions
CORRECT OPTION: c
10
Public relations and advertising are similar in terms of?
A
communicating product information
B
customer education
C
the mode of operation
D
creating a favorable attitude
CORRECT OPTION: a
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