Question 1 of 20 2,221 total questions
Which of the following products is likely to have a low rate of turnover?`
A Foodstuff
B ball-pen
C Soap and Detergent
D Furniture
E Newspaper
Which of the following functions is not performed by as small retailer?
A Selling in units to consumers
B Financing producers
C Buying from wholesaler
D Selling goods on credits
E Stocking a variety of goods
Which of the following functions is not performed by as small retailer?
A Selling in units to consumers
B Financing producers
C Buying from wholesaler
D Selling goods on credits
E Stocking a variety of goods
Manufacturing ends when goods?
A are advertised to the customers
B and services are used by the producers
C are packed and labelled
D are sold in the markets
E reach the final user
The minimum number of membership for a public limited company is?
A two
B seven
C seventeen
D twenty
E fifty
Nearness to a city centre and a busy street is a necessary condition for sitting?
A a market place
B a sales office
C an accounts office
D an advertising office
E A wholesale warehouse
Which of the following is common to both large and small firms?
A Lower running cost
B Personal attention to customers
C Large capital
D Profit making
E Opening On public holidays
Which of the following cannot be used as a means of transport between Kano and Lagos?
A Airplane
B Ship
C Train
D Bus
E Car
A del credere agents is distinguished from other agent in that he?
A is a partner in a trading fim
B works for his principal on commission basis
C is a middle man in a transaction involving two or more people
D usually guarantees payments in any transcaction
E is a dealer on the stock exchange
A speculator who buys shares and stocks in anticipating of a rise in their price at the stock Exchange is a?
A bull
B bear
C broker
D jobber
E stag
Ware house are located in Lagos because of?
A availability of wholesale
B even development
C nearness to sea and airports
D the need to check smuggling
E the need to create additional cost of production
The main similarity between commercial banks and other financial institution is?
A the acceptance of customers' deposit and making on their behalf
B financing of balance of payment deficits
C creating and destroying money
D giving credits to individuals or organizations
E giving night safe facilities
Which of the following is not a reason for forming a customer association?
A Protection against poor quality goods
B Protection against unscrupulous salesmen
C Improving the quality of goods to consumers
D Improving the quality of services to shoppers
E Making profit for consumers
UTC, kingsway Stores and Leventis Stores are typical examples of?
A Telephone
B Recorded delivery
C Telex
D Express mail
E Bill of lading
A term embracing buying, selling and distributing of goods and services is known as?
A wholesale trade
B retail trade
C commerce
D market mix
E marketing concept
A trade agreement in which two countries exchange goods and services is known as?
A export trade
B bilateral trade
C multilateral trade
D entrepot trade
E barter trade
The most important function of the retailer is to?
A sell goods on credit
B operates on weekends and public holidays
C make goods available in units
D buy from wholesalers
E operate at convenient places
Which of the following abbreviations permit the drawer of a document to correct any errors therein?
A V. A. T
B C. I. F
C E. O. E
D I. O. U
E C. W. O
Which of the following has the main objective to differentiate between similar products from different manufacturers?
A Branding
B Wrapping
C Packaging
D Mark up
E Display
When a motor dealer undertakes routine maintenance of costumers' vehicles, he is offering?
A self - service
B pre - sales services
C after - sales service
D automobile service
E free service
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