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Commerce 2006 JAMB Past Questions

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41
A shop which consist of many stores trading under a single roof and which stocks varieties of goods with each unit having its own head is a?
  • A. mulitple shop
  • B. supermarket
  • C. superstore
  • D. departmental store
View Answer & Discuss JAMB 2006
42
An objective of the farmers' association is to?
  • A. ensure that the prices of goods are fair and reasonable
  • B. correct the imbalance between consumers and producers
  • C. improve the methods of selling and advertising
  • D. provide a stable market outlet for farm inputs
View Answer & Discuss JAMB 2006
43
The documents used in the purchase and sale of goods which contain other terms of trade are?
  • A. debit note and credit note
  • B. delivery note and advice nopt
  • C. invoice and order
  • D. quotation and invoice
View Answer & Discuss JAMB 2006
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44
In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as?
  • A. counter trade
  • B. balance of trade
  • C. balance of payments
  • D. terms of trade
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45
The role of a wholesaler in the channel of distribution is to?
  • A. produce goods in large quantities and sell in small quantities
  • B. buy goods directly from the manufacturers
  • C. buy goods in large quantities and sell in small quantities
  • D. sell goods directly to the consumers
View Answer & Discuss JAMB 2006
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