Jamb Commerce 2018 Past Questions and Answers

Question 36:

• JAMB 2018

An organization which focuses on consumers satisfaction is practicing

A. Marketing concepts
B. Selling concepts
C. Consumerism
D. Market segmentation

Question 37:

• JAMB 2018

Distribution of goods belongs to

A. Construction industry
B. Extractive industry
C. Manufacturing industry
D. Commercial industry

Question 38:

• JAMB 2018

What do we call agreement between two people enforced by law?

A. Consideration
B. Offer
C. Contract
D. Agreement

Question 39:

• JAMB 2018

A disadvantage of personal selling is that it

A. Increase a company’s number of customers
B. Reduces a company area of patronage
C. Increases a company’s operating costs
D. Decreases a company’s operating costs

Question 40:

• JAMB 2018

One of the principles of insurance is

A. Proximate cause
B. Fidelity guarantee
C. Consequential loss
D. Surrender value