Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following is an objective of indigenization policy? To
prevent all foreign interference in business
encourage local participation in business
prevent smuggling
encourage more production
Correct answer is D
No explanation has been provided for this answer.
Abuse and monopoly of power by industrialists could lead to
privatization
commercialization
nationalization
indigenization
Correct answer is C
No explanation has been provided for this answer.
default
breach
frustration
performance
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not an obstacle to the achievement of the objectives of ECOWAS
lack of capital
sabotage by other organizations
lack of commitment of member states
slow pace of development of member countries
Correct answer is D
No explanation has been provided for this answer.
When consumers are unaware of the quality of a product, the best advertising technique to use is
informative advertising
competitive advertising
direct advertising
indirect advertising
Correct answer is C
No explanation has been provided for this answer.