J Commerce 23

An individual that links the producer with the retailer is

The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is

What is a quota?

The difference between the central bank and commercial bank is that the former

The duties paid on goods produced locally is

A partnership is dissolved due to

An agent who has to sell perishable goods without the prior authority of the owner becomes an agent by

Which of the following legislation aims primarily at the protection of consumers?

The document that explains the types of shares available for sale to the public is

Any activity directed at conveying commodities to buyers is an aspect of

The concept that refers to the sale, transfer or exchange of goods and services is

Good and services transferred from seller to buyer without immediate payment is referred to as

A major objective of all business resources is

The four P's of marketing are also known as

The scope commerce is limited to

One disadvantages of advertising is that it

The function of commerce in relation to production is

The rate where a country's exports exchange for its imports is called

Land as a factor of production does not vary in

A bill of exchange already accepted can be discounted by the holder in

The fees charged on postal order by the post office is

The macro-environmental forces and trends which are a constraint on business operations are referred to as

Parts payments made on allotted shares by subscribers is usually the

The maximum number of shareholders in a public liability company is

The production of goods and services in anticipation of demand is made possible by

An announcement of a person's willingness to enter into a contract is referred to as

The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as

Current account holders withdraw money through

Another name or term for a dishonoured cheque is

Risk bearing in business organization is a function of the

In law of contract, a counter offer operates as

The process of dividing tasks into jobs and departments and delegating authority is known as

Which of the following regulates and controls the activities in the Nigerian Stock Exchange?

A major function of chamber of commerce is

The stock exchange is a market where

The type of letters that are delivered through the normal mail or by airmail express service is referred to as

One of the functions of a retailer is the

Why is clean bill of lading called so?

An agreement that is enforceable in law is