Commerce Past Questions and Answers

Dumping means selling goods abroad

A At a lower price than in the home market
B At a higher price than in the home market
C At the same price as in the home market
D On credit in the foreign market
E For ready cash in the foreign market

Question 2177:

Which of the following are functions of marketing?

A Buying, fnancing, selling and transporting
B Sorting, grading, managing and storage
C Risk-bearing, storage, production and promotion
D Organizing, risk-bearing, transporting and storage
E Production, promotion, distribution and pricing

Question 2178:

(a) Give two examples of small-scale retail outlets and three examples of large- scale retail outlets (b) Explain five reasons for the survival of small-scale retailers.

Question 2179:

(a) State five reasons why road transport would be preferred to rail transport (b) Give five functions of the Nigerian Airport Authority.

Question 2180:

Write short notes on each of the following (a) Marine insurance, (b) Accident insurance (c) Group insurance (d) Export Credit Guarantee insurance (e) Fire insurance