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Commerce 1991 WAEC Past Questions

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16
Patent Right gives the owner the exclusive right to?
  • A. produce any type of goods
  • B. his invention
  • C. form a new business
  • D. sell to other maunfacturer
  • E. produce the same goods with other manufacturers
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17
The method by which insurance companies spread their risk to other insurance companies is called?
  • A. double insurance
  • B. under-insurance
  • C. re - insurance
  • D. over- insurance
  • E. underwriting
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18
QWhen a number of insurers are liable under one given policy, the principle of insurance that applies is/
  • A. indemnity
  • B. subrogation
  • C. abandonment
  • D. contribution
  • E. proximate cause
View Answer & Discuss WAEC 1991
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19
The interplay of such variables as product, price, distribution and promotion is known as?
  • A. the distribution mix
  • B. market segmentation
  • C. the market mix
  • D. the marketing concept
  • E. produce mix
View Answer & Discuss WAEC 1991
20
Which of the following refers to sale promotion?
  • A. Non- personal presentation of a product
  • B. Offering free samples of products
  • C. Providing information about a company and its product
  • D. Direct contact with the ultimate buyer
  • E. Gathering information about a product
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