JAMB Commerce questions

307 questions with answers and explanations. Tap an option to check yourself.

All topics Advertising and marketing · 16 Business management and environment · 17 Commerce and its scope · 15 Communication · 16 Computers and ICT in business · 14 Consumer protection · 14 Documents used in trade · 16 Elements of commercial law · 15 Financing a business · 16 Foreign trade · 21 Forms of business organisation · 21 Home trade: retail and wholesale · 21 Insurance · 21 Money and banking · 21 Occupation and production · 16 The stock exchange · 17 Transport · 17 Warehousing · 13

Question 181· Forms of business organisation· JAMB
The liability of a shareholder in a company limited by shares is limited to
Explanation and discussion
Question 182· Home trade: retail and wholesale· JAMB
A trader who buys goods in bulk from manufacturers and sells in smaller quantities to retailers is a
Explanation and discussion
Question 183· Home trade: retail and wholesale· JAMB
Chain stores that sell the same kind of goods in many towns under one owner are also called
Explanation and discussion
Question 184· Home trade: retail and wholesale· JAMB
Cash discount is given mainly to encourage
Explanation and discussion
Question 185· Home trade: retail and wholesale· JAMB
A wholesaler performs the function of
Explanation and discussion
Question 186· Home trade: retail and wholesale· JAMB
A trader buys goods listed at ₦40,000 less 10% trade discount. How much does he pay?
Explanation and discussion
Question 187· Home trade: retail and wholesale· JAMB
The elimination of the wholesaler is most likely when
Explanation and discussion
Question 188· Home trade: retail and wholesale· JAMB
Which of these is a service rendered by the wholesaler to the manufacturer?
Explanation and discussion
Question 189· Home trade: retail and wholesale· JAMB
Which of these is a function of the retailer to the consumer?
Explanation and discussion
Question 190· Home trade: retail and wholesale· JAMB
A disadvantage of the small-scale retailer is
Explanation and discussion
Question 191· Home trade: retail and wholesale· JAMB
A multiple shop is
Explanation and discussion
Question 192· Home trade: retail and wholesale· JAMB
After-sales service is provided by retailers to
Explanation and discussion
Question 193· Home trade: retail and wholesale· JAMB
A supermarket differs from a department store mainly because a supermarket
Explanation and discussion
Question 194· Home trade: retail and wholesale· JAMB
Self-service is a feature of
Explanation and discussion
Question 195· Home trade: retail and wholesale· JAMB
A department store differs from a supermarket in that it
Explanation and discussion
Question 196· Home trade: retail and wholesale· JAMB
Retail cooperatives return part of their surplus to members as
Explanation and discussion
Question 197· Home trade: retail and wholesale· JAMB
A retailer who sells through catalogues and delivers by post is a
Explanation and discussion
Question 198· Home trade: retail and wholesale· JAMB
A customer buys a ₦50,000 item on credit with 2% cash discount for payment within a week. If she pays promptly, how much does she pay?
Explanation and discussion
Question 199· Home trade: retail and wholesale· JAMB
Under hire purchase, ownership of the goods passes to the buyer
Explanation and discussion
Question 200· Home trade: retail and wholesale· JAMB
A retailer who moves from place to place selling goods is
Explanation and discussion

Practise Commerce like the real exam. A timed CBT, your score, and the topics to fix.

Start a Commerce test

JAMB Commerce questions

The liability of a shareholder in a company limited by shares is limited to

A trader who buys goods in bulk from manufacturers and sells in smaller quantities to retailers is a

Chain stores that sell the same kind of goods in many towns under one owner are also called

Cash discount is given mainly to encourage

A wholesaler performs the function of

A trader buys goods listed at ₦40,000 less 10% trade discount. How much does he pay?

The elimination of the wholesaler is most likely when

Which of these is a service rendered by the wholesaler to the manufacturer?

Which of these is a function of the retailer to the consumer?

A disadvantage of the small-scale retailer is

A multiple shop is

After-sales service is provided by retailers to

A supermarket differs from a department store mainly because a supermarket

Self-service is a feature of

A department store differs from a supermarket in that it

Retail cooperatives return part of their surplus to members as

A retailer who sells through catalogues and delivers by post is a

A customer buys a ₦50,000 item on credit with 2% cash discount for payment within a week. If she pays promptly, how much does she pay?

Under hire purchase, ownership of the goods passes to the buyer

A retailer who moves from place to place selling goods is