Post Utme Economics Past Questions and Answers

Question 286:

The process of creating new market for a product is called ____________

A. Advertising
B. Marketing
C. Promotion
D. Consumerism

Question 287:

Sudden technology changes can have the effect of making ____________

A. A company's management style ineffective
B. A company's product obsolete
C. The control mechanism difficult to implement
D. The motivational factors in the company difficult to monitor

Question 288:

Services which are of absolute monopoly can best be provided by ____________

A. Private companies
B. Limited liability companies
C. Public companies
D. Public enterprises

Question 289:

The main difference between nationalization and indigenization is in terms of ____________

A. Shareholding
B. Profit
C. Technology
D. Efficiency

Question 290:

An aspect of the law which allows an exclusive right for a limited number of years is a ____________

A. Copyright
B. Trade mark
C. Ratification
D. Patent