JAMB Commerce Past Questions & Answers - Page 149

741.

Discounts offered by firms to middlemen for bulk purchases are?

A.

trade discounts

B.

sales bonanza

C.

cash discounts

D.

seasonal discount

Correct answer is A

No explanation has been provided for this answer.

742.

Manufacturers' Association of Nigeria contributes to development by advising the government on?

A.

industrial policy and harmony

B.

budget and budgetary control

C.

budget and industrial control

D.

environmental protection policy

Correct answer is A

No explanation has been provided for this answer.

743.

The use of vending machines in retailing is hindered in a developing economy owing to?

A.

poor distribution network

B.

low level of education

C.

inffective communication system

D.

lack os steady power supply

Correct answer is D

No explanation has been provided for this answer.

744.

International trade takes place as a result of?

A.

uniformity in costs of production

B.

inequitable distribution of natural resources

C.

parity in the level of industrialization

D.

similarities in climate conditions

Correct answer is B

No explanation has been provided for this answer.

745.

Organizing trade fairs in Nigeria is the responsibility of?

A.

National Directorate of Employment

B.

Federal Ministry of Commerce

C.

trade association

D.

chambers of commerce

Correct answer is B

No explanation has been provided for this answer.