JAMB Past Questions and Answers - Page 250

1,246.

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.

1,247.

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.

1,248.

The concept that refers to the sale, transfer or exchange of goods and service is?

A.

industry

B.

trade

C.

tariff

D.

marketing

Correct answer is B

No explanation has been provided for this answer.

1,249.

The basic functin of the Nigeria Ports Authority is to?

A.

ensure that the right calibre of personnel is employed at the ports

B.

coordinate and regulate the activities of shipping lines

C.

facilitate and control the movement of goods and services into and out of the country

D.

coordinate the activities of all the seaports in the country

Correct answer is D

No explanation has been provided for this answer.

1,250.

How much was the trade discount?

A.

N42.500

B.

N27,500

C.

N22,500

D.

20,000

Correct answer is A

No explanation has been provided for this answer.