Neco Commerce 2002 Past Questions and Answers

Question 36:

• NECO 2002

Reorganization of public enterprises to run as profit-making ventures is called ____________

A. Commercialization
B. Indigenization
C. Industrialization
D. Nationalization
E. Privatization

Question 37:

• NECO 2002

The main reason for Government ownership of a public enterprise is to provide

A. Education and electricity
B. Electricity only
C. Essential services
D. Loans for the people
E. Roads and electricity

Question 38:

• NECO 2002

The greatest weapon of the buyer against the activities of false advertisers is ____________

A. Consumer education
B. Manufacturer's education
C. Marketing education
D. Producer‘s education
E. Salesmanship

Question 39:

• NECO 2002

Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to ____________

A. Be informed
B. Buy whatever they want
C. Choose
D. Healthy environment
E. Safety

Question 40:

• NECO 2002

Which comes first in the channel of distribution?

A. Consignor
B. Consumer
C. Manufacturer
D. Retailer
E. Wholesaler