Neco Commerce 2005 Past Questions and Answers

Question 6:

• NECO 2005

Departmental store, supermarket and chain store are examples of ____________

A. Large scale retailers
B. Large scale whole-salers
C. Medium scale producers
D. Small scale retailers
E. Small scale wholesalers

Question 7:

• NECO 2005

Gross profit can be calculated as ____________

A. Cost of good sold minus cost of goods available for sale
B. Cost of goods available for sales minus sale
C. Sales minus purchases
D. Sales minus cost of good sold
E. Sales minus closing stock

Question 8:

• NECO 2005

The following are advantages of division of labour specialization EXCEPT that it ____________

A. Enhances interdependence
B. Increases output
C. Increases skill and dexterity
D. Leads to monotony
E. Promotes efficient of tools

Question 9:

• NECO 2005

Branding is the assigning of trade marks to goods for the purpose of ____________ by the public.

A. Demand
B. Identification
C. Replacement
D. Stabilization
E. Standardization

Question 10:

• NECO 2005

Which of the following advertising media preselects its readership through the nature of its content?

A. Billboard
B. Hand bill
C. Magazine
D. Newspaper
E. Poster