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Commerce 2003 JAMB Past Questions

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11
A guarantee given by one person or party to another in which the integrity of the person is assured is?
  • A. fidelity
  • B. term assurance
  • C. subrogation
  • D. indemnity
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12
A firm that adapts itself to delivering the desired satisfaction more effectively than its competitors is said to be practicing?
  • A. price concept
  • B. distribution concept
  • C. product concept
  • D. markting concept
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13
The payment made periodically in respect of an insurance policy entered into is known as?
  • A. bond
  • B. commission
  • C. premium
  • D. surrender value
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14
An example of service rendered by NIPOST is?
  • A. electronic mail
  • B. couier
  • C. telephone
  • D. mail delivery
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15
The focal point of marketing is?
  • A. the competitior
  • B. the buyer
  • C. profit-making
  • D. sales
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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