Trade - Jamb Commerce Past Questions and Answers

Question 66:

• JAMB 2004

An order sent by an importer to an overseas supplier stating the details of goods required is known as?

A. Export invoice
B. Ship's manifest
C. An indent
D. Bill of lading

Question 67:

• 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 68:

• 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 69:

• 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 70:

• 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