Question 366:

• JAMB 1999

The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called

A. Simplification
B. Standardization
C. Specialization
D. Satisficing

Question 367:

• JAMB 1999

The focal point of the marketing efforts is the`

A. Seller
B. Profit
C. Product
D. Buyer

Question 368:

• JAMB 1999

Adigun displays goods of different makes on shelves in his supermarket. This is an example of

A. Invitation to treat
B. Offer to sell
C. Offer to purchase
D. Invitation to sell

Question 369:

• JAMB 1999

The process of bringing a company under exclusive state ownership and control is know as

A. Nationalization
B. Commercialization
C. Indigenization
D. Privatization

Question 370:

• JAMB 1999

Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P'S duty to

A. Remunerate Q
B. Reply Q
C. Indemnify Q
D. Settle Q