Jamb Commerce 2013 Past Questions and Answers

Question 31:

• JAMB 2013

Management of a business involves the development of ideas for the

A. Distribution of goods and services that human wants
B. Transportation of goods and services that human wants
C. Transfer of title of ownership of goodsand services to individuals
D. Production of goods and services that satisfy human needs

Question 32:

• JAMB 2013

Which of the following is used as a pricing policy?

A. Packaging
B. Market selection
C. Labelling
D. Market skimming

Question 33:

• JAMB 2013

The essential utility derived from the use of a product is known as

A. Augmented benefit
B. Branded benefit
C. Core benefit
D. Formal benefit

Question 34:

• JAMB 2013

The breaking down of a market into separate and identifiable elements is known as

A. Differentiation
B. Segmentation
C. Skimming
D. Penetration

Question 35:

• JAMB 2013

A contract that is acknowledged before the law court is referred to as

A. Informal contract
B. Formal contract
C. Contract of records
D. Specialty contract