Commerce 2019 Jamb Examination
Question 71
Use the following information to answer this question.
Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos
Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.
Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.
Yours Faithfully
Manager.
From the question above, the document the firm or organization will send to the buyer is
The supplier replies to a letter of inquiry with a quotation, showing prices and terms.
Not clear enough?
Question 72
First Bank of Nigeria operates as a commercial bank, providing financial services to individuals and businesses.
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Question 73
A telegram is a shortened message transmitted quickly to reach its destination faster than regular mail.
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Question 74
Commerce enhances cooperation, living standards, and infrastructure, but monotony of work is not a benefit.
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Question 75
Catalogues are booklets listing products, their descriptions, uses, and prices for buyers.
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Question 76
The Nigerian Ports Authority is responsible for managing harbours, docks, and waterways in Nigeria.
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Question 77
NPA stands for Nigerian Ports Authority.
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Question 78
Supermarkets are large-scale retail outlets, not small-scale retailers.
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Question 79
Government-owned businesses are primarily established to provide services to the public, not for profit-making.
Not clear enough?
Question 80
The described function of money is its role as a medium of exchange.
Not clear enough?
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