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Neco Commerce Past QuestionsQuestion 111:Grouping consumers based on their purchasing habits is called market ____________ A. Development B. Expansion C. Orientation D. Segmentation E. Selection Question 112: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 113: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 114: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 115: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 |
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