Question 1 of 20 4,313 total questions
An element of the marketing mix that is concerned with feature and quality is
A price
B place
C product
D promotion
The factors responsible for large scale production of durable goods are
A capital and infrastructure
B land and infrastructure
C labour and capital
D equipment and labour
The branding of manufacturers goods aids
A market segmentation
B demand and supply
C price discrimination
D product differentiation
A mutual compromise between the central bank and other banks on strategies for economic activities is reached through
A cash liquidity ratio
B the reserve ratio
C moral suasion
D open-market operations
The contribution of a department towards the attainment of corporate goals is its
A span of control
B scalar principles
C unity of command
D unity of objective
A non-insurable risk is exemplified by
A speculation and loss of profit through competition
B gambling and whole-life insurance
C bad debts and consequential loss insurance
D open cover contract and constructive total loss
One objective of privatization is the
A provision of infrastructure
B provision of education and health facilities
C efficient use of resources
D protection and development of communities
One of the primary functions of the thrift, credit and loans cooperative society is to
A educate its members
B disburse money to its members
C encourage investment among members
D protect members’ valuables
A major disadvantage of the mainframe computer is its
A speed
B durability
C cost
D capacity
Sole proprietors finance their businesses through
A bonds and savings
B savings and bank overdrafts
C loans and mortgages
D bank overdrafts and leasing
An association of two or that each cannot handle alone is
A a cartel
B an amalgamation
C a merger
D a syndicate
The quickest and most accurate means of communication is
A fax
B telegram
C express mail
D railex
The major advantage of using a vending machine is that
A all sales are automatic
B it operates for 24 hours
C it has a time limit
D it is easily accessible
A system in which a group of persons are appointed to carry out special duties of policy and decision-making is referred to as the
A matrix structure
B staff structure
C committee structure
D functional structure
Personal selling is important to a business because it can be used to
A distract competitors
B distribute free samples
C sell custom-made products
D effect labour - oriented pricing
An electronic system of communication which serves as the international information bank is called
A an e-mail
B a satellite
C a telex
D the Internet
A hire purchase transaction becomes a sale when the hirer
A pays full cost of the goods
B agrees with the hire purchase terms
C takes possession of the goods
D pays part of the instalments
The price of an item is N 300 with a trade discount of 20%, What is the selling price?
A N180
B N240
C N300
D N360
E no option
The cost of advertising is ultimately borne by the
A manufacturer
B consumer
C wholesaler
D retailer
A place where dutiable goods are kept until duties on them are paid is known as
A private warehouse
B public warehouse
C bonded warehouse
D manufacturer's warehouse
Next
Question Navigator
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
