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Product - Jamb Commerce Past Questions and Answers

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Jamb Commerce Past Questions

Jamb Past Questions and Answers on Product

Question 1:


Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods


Question 2:


The most essential element of a product is the

A. Price
B. Utility
C. Design
D. Colour


Question 3:


Product involves

A. Making goods avaiable where and when needed
B. Changing the form of goods, moving and making them avaiable as needed
C. The manufacturing of goods and provision of services
D. The assembling of all necessary parts to produce a finished product


Question 4:


An important issue for consideration in the product element of the marketing mix is the?

A. Adequate of the peroduct
B. Channel of diistribution of the product
C. Price of the product
D. Planing and development of the product


Question 5:


Goods that are manufactured or acquired by the seller after the contract of sale are?

A. Specialty goods
B. Future goods
C. Specific goods
D. General goods






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