Question 1 of 20 4,313 total questions
Factors considered when setting up a retail business is one of the following _________
A capital, experience and trading
B experience, term of trade, and trading
C capital, trading and term of trade
D capital, type of goods and source of supply
The production of goods and services in anticipation of demand is made possible by _______
A packaging
B warehousing
C branding
D advertising
The effects of devaluation includes all except _______
A exports become cheaper
B expansion of local industries
C increase in standard of living
D increase in import
Land as a factor of production does not vary in _______
A quantity
B nature
C quality
D cost
The type of activity which turns processed raw materials into consumer and industrial goods is described as ________
A extractive
B manufacturing
C constructive
D processing
The business unit that applies the principle of one man, one vote is ______
A sole proprietorship
B partnership
C public company
D co-operative society
Which of the following is an item in the marketing mix?
A Demand
B promotion
C market
D consumer
The scope of commerce is limited to ________
A wholesale and entrepot trade
B trade and aids-to-trade
C wholesale and retail trade
D home and foreign trade
A system where customer patronage is sought by producing what they need is referred to as _______?
A sales promotion
B market promotion
C product promotion
D market orientation
The Nigeria Stock Exchange consist of ______
A primary and secondary-tier market
B secondary and primary market
C money and commodities market
D commercial and mortgage market
Risk bearing in business organisation is a function of the _____
A employees
B customers
C entrepreneur
D manager
A demonstration of social responsibility by a business is the payment of _______
A taxes to government
B dividends to shareholder
C interest on loans
D premium on insurance
The part of the computer that has the capacity to interpret instruction is _______
A universal power storage
B central processing unit
C keyboard
D monitor
The production process that combines two or more raw materials into end product is
A conditioning
B blending
C merging
D synthesis
One of the determinants of choice of occupation is ______
A level of exposure
B resources control
C government policies
D peer group
The stock exchange is a market where _______
A long-term securities are sold
B all types of securities are sold
C short-term securities are sold
D medium term securities are sold
The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __
A Stroke
B Consumerism
C Picketing
D Demonstration
The differences between the central bank and commercial bank is that the former ______
A discount treasury bills
B give loans to the public
C saves valuable of individual
D serves as lender of last resort
The process of buying and selling and distribution of goods and services is ______
A retail trade
B commerce
C marketing concept
D marketing
Goods and services transferred from seller to buyer without immediate payment is referred to as ______
A hire purchase
B mutual understanding
C credit sale
D leasing
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