Jamb Commerce Past Questions and Answers

Question 311:

• JAMB 1998

Product X was introduced into the market at N4.00 with its cost of product at N3.90 while competing products are at N4.50. What pricing policy are producers of X adopting?

A. Market skimming
B. Market penetration
C. Product live promotion
D. Above the market pricing

Question 312:

• JAMB 1998

The oral presentation iv a conversation with one or more prospective buyers for the purpose of making sales is

A. Branding of goods
B. Personal selling
C. Packaging
D. Publicity

Question 313:

• JAMB 1998

Personnel activities that promote the general image of an organization are part of

A. Advertising
B. Sales promotion
C. Public relations
D. Business correspondence

Question 314:

• JAMB 1998

An agent must not make any secret profit in the performance of his duties but can be rewarded by his principal through

A. Remuneration and indemnity
B. Payments of commision and salary
C. Granting of business concessions
D. Forwarding of business links

Question 315:

• JAMB 1998

Sabo and Gambo entered into a contract for the sale of two baskets of tomatoes belonging to Gambo. Before the date the date of delivery and without any default by Gambo, the tomatoes were stolen. This is an example of termination of contract by

A. Breach
B. Performance
C. Fault
D. Frustration