Trade - Jamb Commerce Past Questions and Answers

Question 101:

• JAMB 2010

Selling goods in foreign countries at price below their marginal cost is?

A. Dumping
B. Depreciation
C. Devaluation
D. Discounting

Question 102:

• JAMB 2011

An individual that links the producer with the retailer is?

A. An agent
B. A wholesaler
C. An entrepreneur
D. A principal

Question 103:

• JAMB 2011

One of the functions of a retailer is the?

A. Financing of production activities
B. Provision of credit facilities to relations
C. Provision of jobs for customers
D. Breaking of bulk

Question 104:

• JAMB 2011

The main frame of selling directly to the consumers by manufacturers is to?

A. Reduce transportation cost
B. Make contact with individual consumers
C. Discourage the activities of middlemen
D. Maximize profit margin

Question 105:

• JAMB 2011

Balance of payment problems arise if a country's?

A. Exports is more than imports
B. Imports is more than exports
C. Currency devaluation
D. Invisible exports is more than visible exports