Neco Commerce Past Questions and Answers

Question 371:

• NECO 2009

A function of a retailer is to ____________

A. Determine the prices of goods
B. Stock a variety of goods
C. Buy goods in large quantities
D. Make money available to the manufacturer

Question 372:

• NECO 2009

The price of an item is N 300 with a trade discount of 20%, What is the selling price?

A. N180
B. N240
C. N300
D. N360
E. No option

Question 373:

• NECO 2009

A hire purchase transaction becomes a sale when the hirer

A. Pays full cost of the goods
B. Agrees with the hire purchase terms
C. Takes possession of the goods
D. Pays part of the instalments

Question 374:

• NECO 2009

An electronic system of communication which serves as the international information bank is called ____________

A. An e-mail
B. A satellite
C. A telex
D. The Internet

Question 375:

• NECO 2009

Personal selling is important to a business because it can be used to ____________

A. Distract competitors
B. Distribute free samples
C. Sell custom-made products
D. Effect labour - oriented pricing