A collective term for advertising, personal selling and publicity is?
exhibition
promotion
trade fair
merchandizing
Correct answer is A
An exhibition is an organized presentation and display of a selection of items by companies to showcase and demonstrate their new products and services.
Billboards and posters are forms of?
electronic media
print media
outdoor media
window display media
Correct answer is C
Outdoor media consists of any advertising seen outside of the home, such as billboards, posters, vehicle advertising, retail advertising, etc.
A cheque which a bank draws on its own funds is a?
bankdraft
cashier's cheque
bank cheque
crossed cheque
Correct answer is B
A cashier's cheque is a cheque written by a financial institution on its own funds, signed by a cashier, teller, or a representative, and paid to a third party.
If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?
N56 250
N43 750
N43 250
N6250
Correct answer is B
\(\frac{12.5}{100}\) x 50,000 = 6250
50,000 - 6250 = 43,750
The term free on board means that the price includes?
costs and insurance only
costs and freight only
freight and insurance only
costs, insurance and freight
Correct answer is D
The term Free On Board is a transportation term that indicates when liability and ownership of goods are transferred from a seller to a buyer. It shows when the risk of loss shifts from the seller to the buyer, and who pays the costs of freight and insurance.