JAMB Commerce Past Questions & Answers - Page 34

166.

One of the factors of determining the volume of production is

A.

availablity of forex

B.

availability of storage facilities

C.

the location of the business

D.

the number of skilled manpower

Correct answer is D

There are various factors which affect the volume of production which includes:

  • Availability of natural resources.
  • Availability of raw materials.
  • Technology.
  • Availability of capital.
  • Transport facilities.
  • Political conditions.
  • Climate.
  • Efficiency of labour.

167.

One of the functions of the retailer is

A.

granting credit facilities to close relatives

B.

provision of after - sales services

C.

branding and packaging of goods

D.

warehousing of goods

Correct answer is B

After sales service plays an important role in customer satisfaction and customer retention. It generates loyal customers and increase a brand value. This is one of the services provided by the retailers.

168.

Which of the following is a traditional medium of communication used to mark festivals?

A.

Palm frond

B.

Metal gong

C.

Talking drum

D.

Gum blast

Correct answer is C

Talking drum is one of a set of West African drums, each having a different pitch, which are beaten to transmit a tonal language.

169.

Which of the followingis a modern trend in retailing ?

A.

Kiosk

B.

Mobile shop

C.

Vending machine

D.

Tied shop

Correct answer is C

vending machine: Electronic machine used to disperse a product to a consumer after a certain amount of money has been put into the machine. it is used in retailed shops

170.

A supplier of flour who intends to sign a contract with a baker through post can establish a binding agreement only

A.

after the offeror has made an offer

B.

when the offeror's letter has reached the offeree

C.

when the offeree's letter has been posted

D.

after the offeree's letter has been recieved by the offeror

Correct answer is D

No explanation has been provided for this answer.