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[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
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Commerce Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
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Relationship of Commerce with other areas of production
Importance of Commerce in the economy
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Trade Associations and Economic Groups
Trade and manufacturer associations
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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
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Legal Aspects of Business
Simple contract
Agency, Sale of Goods Act, Hire Purchase Act
Employer/employee rights
Government regulations
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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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381
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
View Answer & Discuss
JAMB 2003
382
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
View Answer & Discuss
JAMB 2003
383
The payment made periodically in respect of an insurance policy entered into is known as?
A.
bond
B.
commission
C.
premium
D.
surrender value
View Answer & Discuss
JAMB 2003
384
An example of service rendered by NIPOST is?
A.
electronic mail
B.
couier
C.
telephone
D.
mail delivery
View Answer & Discuss
JAMB 2003
385
The focal point of marketing is?
A.
the competitior
B.
the buyer
C.
profit-making
D.
sales
View Answer & Discuss
JAMB 2003
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