Neco Commerce 2002 Past Questions and Answers

Question 41:

• NECO 2002

Bonded warehouses are controlled by ____________

A. Clearing and forwarding agents
B. Custom and excise
C. Export promotion council
D. Marketing boards
E. Port authority

Question 42:

• NECO 2002

Marketing mix consists of ____________

A. Place, planning, play and price
B. Planning, controlling and organizing
C. Product, place, price and promotion
D. Promotion, play, planning and price
E. Price, planning, promotion and price

Question 43:

• NECO 2002

A common legal association which exists when one party, known as the principal authorizes another party to enter into contract is called ____________

A. Agency
B. Contract agreement
C. Legal relation
D. Offer and acceptance
E. Valid contract

Question 44:

• NECO 2002

A situation where a consumer's need is the focus of attention is regarded as ____________

A. Consumer orientation
B. Marketing concept
C. Market research
D. Market segmentation
E. Sales orientation

Question 45:

• NECO 2002

A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called ____________

A. Article of Association
B. Companies’ Act
C. Memorandum of Association
D. Deed
E. Prospectus