JAMB Commerce Past Questions & Answers - Page 128

636.

Personal selling is most effective in marketing industrial goods because it involves?

A.

recongnition and attachment to customers

B.

personal interaction and information gathering

C.

demonstrations and product acceptability

D.

after-sales services and product demonstrations

Correct answer is B

No explanation has been provided for this answer.

637.

The macro-environment forces and trends which are a constraint on business operations are referred to as?

A.

technological factors

B.

artificial factors

C.

external factors

D.

internal factors

Correct answer is A

The Macro Environment consists of 6 different forces. These forces provide opportunities, but at the same time also pose threats to company. They're Demographic, Economic, Political, Ecological, Socio-Cultural, and Technological forces.

638.

An announcement of a person's willingness to enter into a contract is referred to as?

A.

a proxy

B.

an offer

C.

a consideration

D.

an acceptance

Correct answer is B

An offer refers to a promise that one party makes in exchange for another party's performance. It is an invitation to enter into a contract on certain terms.

639.

The major achievement of ECOWAS is?

A.

the expansion of regional trade

B.

the emergance of a monetary union

C.

infrastructural development in member countries

D.

mobility of labour among member countries

Correct answer is A

No explanation has been provided for this answer.

640.

Citizens are against privatization mainly because of?

A.

the rationalization of organizations

B.

increased prices of goods and services

C.

the likelihood of monopoly

D.

ineffective management

Correct answer is B

One of the major reasons people do not support privatization is because of the problem of price. Private enterprises unlike public enterprises are in business to make profits, and hence the prices paid for the services they render is always high