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The coming together of two or more firms at different stages of production is?
Ahorizontal merger
Bvertical merger
Camalgamation
Dcartel
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Question 662
waec2000
Which of the following is not a source of finance to a sole proprietor?
ATrade Credit
BOverdrafts
CDebentures
DLeasing of equipment
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Question 663
waec2000
Which of the following can be defined as trade and aids to trade?
AAdvertising
BCommerce
CWholesaling
DRetailing
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Question 664
waec1999
A bill of exchange is retired when it is
Apaid before maturity
Bmarked "accepted"
Cdiscounted
Ddishonoured
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Question 665
waec1999
Mr Ajai did not disclose that he stores drums of petrol when he took a fire insurance policy. Under which of the following principles will the insurance company reject his claims
ASubrogation
BUtmost good faith
CInsurable interest
DProximate cost
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Question 666
waec1999
A contract of sale of goods where ownership passes to the buyer on the payment of first installment is
Ahire purchase
Bcash with order
Cdeferred payment
Dcash on delivery
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Question 667
waec1999
A picture which indicates that success in life can only be achieved through the use of the product is an example of
Amarket research
Bpersuasive advertising
Cmass selling
Dinformative advertising
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Question 668
waec1999
Which of the following have lien on goods in their possession until their commission is paid?
ABrokers
BFactors
CAuctioneers
DWholesale merchants
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Question 669
waec1999
Which of the following serves as a receipt for goods kept in a bonded warehouse?
ADock Warrant
BBill of Sight
CFoul bill
DDock due
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Question 670
waec1999
A hire purchase transaction becomes a sale when when the
Ahirer accepts the hire purchase terms
Bfinance company agrees to pay
Chirer takes possession of goods
Dhirer pays full cost of the goods
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Question 671
waec1999
Bonded warehouses are controlled by
AExport Promotion Council
BPorts Authority
CCustoms and Excise Authority
DClearing and Forwarding agents
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Question 672
waec1999
Which of the following implies that the price quoted includes the cost of insurance and carriage?
AF.O.B
BF.A.S
CC.O.D
DC.I.F
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Question 673
waec1999
Which of the following is the most suitable channel of distribution for technical goods?
Amanufacturer-retailer-consumer
Bmanufacturer-wholesaler-retailer-consumer
Cmanufacturer-wholesaler-consumer
Dmanufacturer-consumer
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Question 674
waec1999
Which of the following can be sold through a vending machine?
Acigarettes
Bshirts
Chandbags
Dshoes
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Question 675
waec1999
Business losses in nationalized industries are borne by the
AShareholders
BDebenture holders
CBoard of directors
DPublic
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Question 676
waec1999
Which of the following is not an economic grouping?
AECOWAS
BGATT
CECOMOG
DEEC
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Question 677
waec1999
The task of grouping consumers according to their buying habits is known as market
Adiversification
Bdevelopment
Cexpansion
Dsegmentation
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Question 678
waec1999
Direct selling by a producer to a consumer is possible when the
Agoods have to be made on demand
Bmanufacturer has a good knowlegde of the market
Ccustomer buys in small quantities
Dgoods are fashionable
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Question 679
waec1999
A manufacturer of machinery who wants to reduce cost of promotion can use
Asamples
Bpublic relations techniques
Cshowrooms
Dcatalogues
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Question 680
waec1999
Which of the following is a disadvantage of canal transport? it is
