Product - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

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:

• JAMB 1998

The most essential element of a product is the

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

Question 3:

• JAMB 2000

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:

• JAMB 2002

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:

• JAMB 2003

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