Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

3,106.

Product X was introduced into the market at N4.00 with its cost of product at N3.90 while competing products are at N4.50. What pricing policy are producers of X adopting?

A.

market skimming

B.

market penetration

C.

product live promotion

D.

above the market pricing

Correct answer is A

No explanation has been provided for this answer.

3,107.

An underlined principle in the marketing of goods is that firms should

A.

Train their personnel

B.

be consumers oriented

C.

advertise the goods

D.

sell through outlets

Correct answer is B

No explanation has been provided for this answer.

3,109.

The type of securities that the stock exchange deals with are

A.

warrants, currency notes, money orders and postal orders

B.

cheques, bankdrafts , warrants and promissory notes

C.

bonds ivory, treasure bills, debentures and warrants

D.

stocks, shares, bonds and warrants.

Correct answer is D

No explanation has been provided for this answer.

3,110.

The assets, liabilities and general management of a distressed bank may be taken over by?

A.

International Bank for Reconstruction and development

B.

Nigeria Industrial Development Bank

C.

Nigeria Banks Deposit Insurance corporation

D.

Nigeria Bank for Commerce and Industry

Correct answer is C

No explanation has been provided for this answer.