Jamb Commerce 2018 Past Questions and Answers

Question 41:

• JAMB 2018

When does the buyer in a hire purchase becomes the owner of the goods?

A. When all installments have been fully paid
B. After payment of the first installment
C. Before the payment of the first installment
D. When half of the purchased price has been paid

Question 42:

• JAMB 2018

Why will a cheque be dishonored?

A. Regular signature
B. High amount of money written on the cheque
C. Insufficient funds
D. General crossing

Question 43:

• JAMB 2018

The elements in marketing mix that ensures goods are available when and where needed is

A. Promotion
B. Price
C. Product
D. Place

Question 44:

• JAMB 2018

Balance of payment consist of ----------- and ---------- items

A. Credit and loss
B. Visible and non-visible
C. Valid and invalid
D. Income and expenditure

Question 45:

• JAMB 2018

The satisfaction of consumer is best explained by

A. Product mix
B. Marketing concept
C. Marketing mix
D. Market segmentation