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Commerce Past Questions

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2121

One of the objectives of ECOWAS is to

  • A. promote indigenization policy
  • B. ensure that quality goods are produced
  • C. promote trade within the region
  • D. discourage foreign investors
View Answer & Discuss (1) WAEC 2004
2122
The amount of insurance premium to be paid depends on the
  • A. supply and demand of a particular company's service
  • B. extent of the possible loss and the frequency of the risk
  • C. number of insurance companies in a place
  • D. amount of profit to be made by the insurer
View Answer & Discuss (1) WAEC 2004
2123

Which of the following is the main task of the Marketing Manager whose company has adopted the marketing concept? To

  • A. identify and satisfy customer's needs
  • B. maintain the company's share of the market
  • C. recruit more salesmen
  • D. make maximum profit
View Answer & Discuss (4) WAEC 2004
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2124
The Money Market is the
  • A. market for long term loans
  • B. market for short-term loans
  • C. market for government securities
  • D. banking hall of commercial banks
View Answer & Discuss (2) WAEC 2004
2125
The choice of medium used in advertising is not determined by the
  • A. cost of using a particular medium
  • B. age group to which the medium appeals
  • C. nationality of people using the medium
  • D. number of people reached by the medium
View Answer & Discuss WAEC 2004
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