Commerce 2022 Jamb Examination
Question 51
The rate of turnover is calculated as cost of sales divided by average stock.
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Question 52
Called-up capital is the portion of issued share capital that the company has requested shareholders to pay for.
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Question 53
The consumer is the final link in the distribution chain, as goods and services end with the buyer.
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Question 54
Balance of trade is the difference between the value of a country's visible imports and exports in a year.
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Question 55
Visible imports are tangible goods brought into a country for sale.
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Question 56
Supermarkets are distinguished by the sale of mainly household goods on a large scale basis.
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Question 57
Small scale retail outlets provide personal attention to customers, which is their main advantage over larger outlets.
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Question 58
A trade discount is given to retailers by wholesalers or manufacturers to allow them to make profit.
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Question 59
A delivery note is issued and signed by the customer to confirm receipt of goods.
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Question 60
An indent is a document used by an importer to request goods from another country.
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