JAMB Commerce Past Questions & Answers - Page 165

821.

The focal point of marketing is?

A.

the competitior

B.

the buyer

C.

profit-making

D.

sales

Correct answer is D

No explanation has been provided for this answer.

822.

An example of service rendered by NIPOST is?

A.

electronic mail

B.

couier

C.

telephone

D.

mail delivery

Correct answer is D

No explanation has been provided for this answer.

823.

The payment made periodically in respect of an insurance policy entered into is known as?

A.

bond

B.

commission

C.

premium

D.

surrender value

Correct answer is C

No explanation has been provided for this answer.

824.

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

Correct answer is D

No explanation has been provided for this answer.

825.

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

Correct answer is A

No explanation has been provided for this answer.