Commerce 2010 Jamb Examination

Self-service allows consumers to freely browse and pick products without direct assistance from sales attendants.

Wholesaling involves buying in bulk from producers and selling in smaller quantities to retailers.

The balance of trade compares the monetary value of visible and invisible exports against imports.

An open indent allows the importer freedom to obtain goods from any supplier or manufacturer of choice.

Entrepot trade refers to importing goods into a country specifically for the purpose of re-exporting them.

A dock warrant is issued to the port authority as evidence that goods have been deposited in the docks.

An indent is a document that specifies details of goods a purchaser wants the supplier to provide.

Dumping occurs when goods are sold abroad at very low prices, often below cost, to capture markets.

Marketing involves all activities directed at creating and expanding markets for products.

Television adverts stimulate both sight and sound, giving it more sensory stimulation than most media.