Neco Commerce 2002 Past Questions and Answers

Question 16:

• NECO 2002

Grouping consumers based on their purchasing habits is called market ____________

A. Development
B. Expansion
C. Orientation
D. Segmentation
E. Selection

Question 17:

• NECO 2002

A statement of the current price and terms of trade of a product or service is called ____________

A. Debit note
B. Letter of inquiry
C. Order form
D. Quotation
E. Statement of account

Question 18:

• NECO 2002

The compensation made to an insured for loss incurred in insurance is called ____________

A. Commission
B. Indemnity
C. Interest
D. Pooling risks
E. Premium

Question 19:

• NECO 2002

What is the fastest means of sending documents from one place to another ____________

A. Courier services
B. Express letters
C. Parcels
D. Quick delivery
E. Registered letters

Question 20:

• NECO 2002

Which document is used to advertise shares to the general public?

A. Letter of Allotment
B. Memorandum and Article Associations
C. Newspaper
D. Prospectus
E. Radio and television