2015 - JAMB Commerce Past Questions and Answers - page 2

The primary market provide avenue where companies and organization can issue new securities in order to raise fund.

Division of labour ensure that there more hands involved in the production of a particular, commodity

mainframe computer is the largest compute which his all the features stated above.

the devices involved in the internet are electronic devices, the internet is used for sending electronic message.

warranties is any stipulation which is not of such importance as to go to the root of the contract. The breach of warranties gives the other party a right to claim for damage but not to reject the contract.

through communication the producer interacts with the consumer through advertising.

marketing concept is aimed at ensuring the satisfaction of the consumer i.e. the buyer or consumer is the vocal point in marketing

Are open indent allows the importer to purchase goods form any supplier since the of the producer is not specified

not of the 100 million shares, 50 million has issued and fully paid, this means that the remaining part of the shares has not been issued.

an invoice is a document sent by the seller to the buyer showing the full details of gods sold such as quantity, description, price, discount and the total amount t o be paid.