NECO Commerce Past Questions & Answers - Page 52

256.

Grouping consumers based on their purchasing habits is called market

A.

development

B.

expansion

C.

orientation

D.

segmentation

E.

selection

Correct answer is D

No explanation has been provided for this answer.

257.

Which feature of money facilitates small transactions?

A.

divisibility

B.

durability

C.

portability

D.

recognisability

E.

scarcity

Correct answer is A

No explanation has been provided for this answer.

258.

Who has no right of ownership to a business organization?

A.

debenture holder

B.

entrepreneur

C.

partner

D.

share-holder

E.

sole proprietor

Correct answer is A

No explanation has been provided for this answer.

259.

Goods invoiced at N5,000.00 were sold to Adegoke at less 2½% trade discount. How much would he pay

A.

N2,875

B.

N3,875

C.

N4,875

D.

N5,175

E.

N5,125

Correct answer is C

No explanation has been provided for this answer.

260.

What is a voluntary association of business executives, tradesmen, or entrepreneurs?

A.

Chamber of Commerce

B.

Economic Community of West African States

C.

Lake-Chad Basin Commission

D.

Niger Basin Commission

E.

Trade Union

Correct answer is A

No explanation has been provided for this answer.