NECO Commerce Past Questions & Answers - Page 57

281.

Which comes first in the channel of distribution?

A.

consignor

B.

consumer

C.

manufacturer

D.

retailer

E.

wholesaler

Correct answer is C

No explanation has been provided for this answer.

282.

Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to

A.

be informed

B.

buy whatever they want

C.

choose

D.

healthy environment

E.

safety

Correct answer is B

No explanation has been provided for this answer.

283.

The greatest weapon of the buyer against the activities of false advertisers is

A.

consumer education

B.

manufacturer's education

C.

marketing education

D.

producer‘s education

E.

salesmanship

Correct answer is A

No explanation has been provided for this answer.

284.

The main reason for Government ownership of a public enterprise is to provide

A.

education and electricity

B.

electricity only

C.

essential services

D.

loans for the people

E.

roads and electricity

Correct answer is C

No explanation has been provided for this answer.

285.

Reorganization of public enterprises to run as profit-making ventures is called

A.

commercialization

B.

indigenization

C.

industrialization

D.

nationalization

E.

privatization

Correct answer is A

No explanation has been provided for this answer.