Question 1 of 20 4,313 total questions
The management function of evaluating whether objectives are being achieved is
A planning
B directing
C organizing
D controlling
The main objective of a trade association can best be described as promoting and protecting
A the products
B common interest
C the market
D customer's interest
The least of the advantages of indigenization is that
A the standard of living of the indigenes is improved
B the economy is controlled by the nationals
C enterpreneurals skill is developped
D foreigners' domination is avoided
The activities of consumers association in Nigeria have not been effective because
A the consumers are too many
B the government is not favourabley dispose towards consumerism
C there is poor enlightenment about consumer rights
D the consumers have no medium for expressing their feelings
Th overriding objective of the food and drug act in Nigeria is too prevent the
A importation of food and drug that can be locally manufactured
B consumption of food and drug not tested by the minitries of health
C adulteration of food and drug sold in the country
D manufactures of food and drug from charging excessive prices
One of the criteria for differentiating consumers markets from industrial ones is the
A type of demand
B type of supply
C nature of the services rendered
D price of the goods
The most important pieces of legislation governing business and commercial activities in Nigeria currently is the
A Companies degree,1968
B Trade Disputes degree, 1976
C Companies and Allied matters degree,1990
D Banks and Other Financial institution degree,1991
When old customers stick to the old place to buy goods and services,it is known as
A goodwil
B personal factor
C window shopping
D patronage
The main advantage of using cinema as an advertising medium is that it is
A cheap
B accurate
C accessible
D informative
When a vendor supplies newspapers from house to house and across the streets, the element of marketing mix involved is
A product
B price
C promotion
D place
The process of creating more for a product is called?
A advertising
B marketing
C promotion
D consumerism
When a firm speaker of stock appreciation, it refers to
A change in the value of its stocks resulting from price movement
B increase in the price of it shared quoted on the stock exchange
C an unexpected increase in the demand of its stock
D the value of its stock in the stock exchange
A markets where new shares are trade is known
A primary market
B stock exchange
C secondary markets
D money market
Commercial banks are referred to as departmental stores of banking because they
A have many branches
B have many customers
C are found in the cities
D offer many types of services
Bank giro is a system where?
A commercial banks can give loan to all customers
B a central bank opens account for commercial banks
C a customer uses cheque to pay serveral bills
D a customer closes his account by writting cheque
The cost that raises from failure to load or unload a ship at the port within a stipulated period is known as
A excess charges
B demurrage charges
C permium charges
D trade charges
The basic distinction between cash discount and trade discount is that while trade discount is
A for a period of 30 days, cash discount is for a period of 3 months
B given by a wholesaler, cash discount is given by a bank
C a reduction in the catalogue pirce f an article, cash dis count is a reduction in the invoice value
D a reduction in the value of sales, cash discount is a reduction in price of goods
A close indent is an instrument to an agent to
A order goods from a particular manufacturer
B order goods from any manufacturer
C sell gods to any firm
D sell goods to a certain firm
Stevedores as a term in foreign trade means men who
A inspect goods in ships
B import goods by ships
C collect duties in ships
D load and unload ships
Excise duties are paid on goods that are
A imported into the country
B manufactured within the company
C exported to other clonutries
D kept in bond warehouses
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