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Home
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Commerce
JAMB 1997
Commerce 1997 JAMB Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
Occupations
Meaning and Importance
Types of occupations: Industrial, commercial, direct and indirect services
Factors influencing choice of occupation
Production
Meaning and types: Primary, secondary, tertiary
Factors of production, characteristics & rewards
Division of labour and specialization
Inter-relationship between production and exchange
Business Units
Meaning and objectives of business
Forms: Sole proprietorship, Partnership, Limited liability companies, Public enterprises, Cooperative societies
Characteristics, formation, advantages and disadvantages
Business mergers
Choice of business units
Dissolution and liquidation
Business Capital and Finance
Meaning and types of capital
Working capital, profit and turnover calculations
Sources of finance
Problems of sourcing finance
Role of Bureau de Change
Trade Associations and Economic Groups
Trade and manufacturer associations
Chambers of Commerce
Employers’, Consumers’ and Manufacturers’ associations
Economic groups: ECOWAS, IMF, IBRD, UNCTAD, etc.
Trade - Home Trade
Retail trade: Types, functions, advantages and disadvantages, trends
Wholesale trade: Types, functions
Warehousing: Types, functions
Channels of distribution
Trade - Foreign Trade
Balance of trade/payment, terms of trade
Export, import and entrepôt procedures and documents
Barriers to international trade
Roles of Customs, Excise, Ports Authority
Purchase and Sale of Goods
Documents: Enquiry, quotation, invoice, bill of lading, etc.
Terms of trade: Discounts, C.O.D., C.I.F., F.O.B.
Means and terms of payment
Aids to Trade
Advertising
Banking
Insurance
Transportation
Communication
Tourism
Finance and Financial Institutions
Money
Credit
Credit unions and thrift societies
Stock Exchange
Marketing
Meaning, importance and functions
Marketing concept and mix
Market segmentation
Public relations, customer service
Sales promotion
Personal selling
Legal Aspects of Business
Simple contract
Agency, Sale of Goods Act, Hire Purchase Act
Employer/employee rights
Government regulations
Consumer protection
ICT in Commerce
Computer applications
ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
Safe products and pollution
Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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36
The main advantage of using cinema as an advertising medium is that it is
A.
cheap
B.
accurate
C.
accessible
D.
informative
View Answer & Discuss (1)
JAMB 1997
37
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
View Answer & Discuss (2)
JAMB 1997
38
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
View Answer & Discuss
JAMB 1997
39
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
View Answer & Discuss
JAMB 1997
40
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
View Answer & Discuss
JAMB 1997
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