Jamb Commerce 2004 Past Questions and Answers

Question 46:

• JAMB 2004

International trade takes place as a result of?

A. Uniformity in costs of production
B. Inequitable distribution of natural resources
C. Parity in the level of industrialization
D. Similarities in climate conditions

Question 47:

• JAMB 2004

The use of vending machines in retailing is hindered in a developing economy owing to?

A. Poor distribution network
B. Low level of education
C. Inffective communication system
D. Lack os steady power supply

Question 48:

• JAMB 2004

Manufacturers' Association of Nigeria contributes to development by advising the government on?

A. Industrial policy and harmony
B. Budget and budgetary control
C. Budget and industrial control
D. Environmental protection policy

Question 49:

• JAMB 2004

Discounts offered by firms to middlemen for bulk purchases are?

A. Trade discounts
B. Sales bonanza
C. Cash discounts
D. Seasonal discount

Question 50:

• JAMB 2004

Goods are of merchantable quality if they?

A. Conform to description
B. Are of equal weight
C. Are of the same quality
D. Conform to buyers' purpose