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Commerce Past Questions and Answers

Neco Commerce Questions

Question 136:
Bonded warehouses are controlled by ____________
  • A Clearing and forwarding agents
  • B Custom and excise
  • C Export promotion council
  • D Marketing boards
  • E Port authority
View Answer & Explanation
Question 137:
Marketing mix consists of ____________
  • A Place, planning, play and price
  • B Planning, controlling and organizing
  • C Product, place, price and promotion
  • D Promotion, play, planning and price
  • E Price, planning, promotion and price
View Answer & Explanation
Question 138:
A common legal association which exists when one party, known as the principal authorizes another party to enter into contract is called ____________
  • A Agency
  • B Contract agreement
  • C Legal relation
  • D Offer and acceptance
  • E Valid contract
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Question 139:
A situation where a consumer's need is the focus of attention is regarded as ____________
  • A Consumer orientation
  • B Marketing concept
  • C Market research
  • D Market segmentation
  • E Sales orientation
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Question 140:
A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called ____________
  • A Article of Association
  • B Companies’ Act
  • C Memorandum of Association
  • D Deed
  • E Prospectus
View Answer & Explanation