Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
product mix
promotion mix
marketing concept
product orientation.
Correct answer is C
The marketing concept is the belief that companies must assess the needs of their consumers first and foremost. Based on those needs, companies can make decisions in order to satisfy their consumers' needs, better than their competition.
Marketing differs from selling in that,the latter only creates
possession utility
marginal utility
form utility
place utility
Correct answer is A
Selling is an action which converts the product into cash, (possession of the product) but marketing is the process of meeting and satisfying the customer needs. Marketing consists of all those activities that are associated with product planning, pricing, promoting and distributing the product or service
span of control
unity of command
scalar chain
unity of direction
Correct answer is A
Span of control; is the principle of management that emphasizes the area of activity and number of functions, people, or things for which an individual or organization is responsible.
Which of the following regulates and controls the activities in the Nigerian Stock Exchange?
BPE
SEC
NDIC
CBN
Correct answer is B
The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market.
arbitage
franco
contango
backwardation
Correct answer is D
Backwardation is a percentage paid by a person selling stock for the right of delaying its delivery.