Commerce 2024 Jamb Examination
Question 61
Insurance is not a function of marketing; it is a risk management tool.
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Question 62
An invoice specifies the amount payable by the buyer for goods purchased.
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Question 63
These stores operate on a large scale, catering to a wide range of customers.
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Question 64
Commercial law regulates business and commercial transactions.
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Question 65
Indemnity ensures the insured is restored to the same financial position as before the loss.
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Question 66
Communication allows producers and consumers to transact business without physical interaction.
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Question 67
Credit and thrift co-operative societies promote savings among members.
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Question 68
Customs control bonded warehouses to ensure duties and regulations are observed.
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Question 69
Neon signs use electric current to illuminate bulbs and attract attention.
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Question 70
Privatization and commercialization are economic policies, not consumer protection laws.
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