Commerce 2018 Jamb Examination

A cheque is dishonored when there are insufficient funds in the drawer’s account to cover the amount. Correct option is C.

The place element of the marketing mix ensures that products are available at the right time and location for customers. Correct option is D.

Balance of payment is divided into visible (trade in goods) and non-visible (services, income) items. Correct option is B.

Consumer satisfaction is central to the marketing concept, which focuses on meeting customer needs. Correct option is B.

The internet provides a variety of information and communication facilities beyond simple messaging. Correct option is A.

Goods and services reach consumers through the channel of distribution, which includes wholesalers, retailers, and other intermediaries. Correct option is C.

An applicant must first complete a proposal form to provide necessary details before an insurance policy is issued. Correct option is C.

The difference between current assets and current liabilities is referred to as working capital, which indicates short-term financial health. Correct option is A.

When firms agree to divide the market among themselves and set quotas, it is known as a cartel. Correct option is A.

Production is considered complete when goods reach the final consumers, as they are the end users of the products. Correct option is C.