Tuesday, 25 June 2019

Today's NECO runz(commerce answers)

Always come back and refresh 


Commerce Obj*

1-10: ACAEDABDAC

11-20: EBEDEDCDBC

21-30: ADAABCDBAC

31-40: BADBEEEBCD

41-50: EAEECDECED

51-60: CBEBADEBBB

Completed

NUMBER  4]*


*[PICK FIVE]*

(i)Collection of Revenue
(ii)Supervision of Warehouse
(iii)Compilation of statistical Records
(iv)Prevention of smuggling
(v)Supervision of foreign Trade
(vi)Enforcement of Ban
(vii)Provision of Quarantine Facilities
(vii)Completion of Documents


*[PICK FIVE]*

(i)Collection of Revenue:- It assesses and collects Revenue from tariffs and excise duties

(ii)Supervision of Warehouse:-The customs department supervises bonded warehouse

(iii)Compilation of statistical Records:-The department compiles statistics on export andu import trade which are supplied to the government

(iv)Prevention of smuggling:-The custom authority prevents smuggling and sizes contraband goods

(v)Supervision of Foreign Trade:-The customs Department supervises foreign trade by ensuring that only licensed goods are imported or exported

(vi)Enforcement of Ban:-The customs department ensures that ban on prohibited goods are enforced

(vii)Provision of Quarantine Facilities:-Customs department provides appropriate quarantine facilities for the importation of livestock

(viii)Completion of Documents:-The customs department ensured that customs declaration forms and others documents are completed

: *(Number 8)*

(8a)
Commercialisation is a policy geared towards making state-owned enterprises to become more efficient and profit oriented. This policy makes it possible for public enterprises to become more viable and effective.

(8b)
*[ENUMERATE]*
(i)Efficient management
(ii)To generate more Revenue
(iii)Reduction in public expenditure and participation of private individual
(iv)Autonomy of enterprises and Removal of unproductive enterprises


*EXPLANATION*
(i)Efficient management:-Commercialization help government to develop a good and efficient management of public and private  enterprises

(ii)To generate more Revenue:-Commercialisation assist the government to  generate more Revenue


(iii)Reduction in public expenditure and participation of private individual:-Commercialisation help in reducing public expenditure on enterprise and also assist individuals to participate in economic activities through ownership of enterprises


(iv)Autonomy of enterprises and Removal of unproductive enterprises:-Commercialisation helps to provide autonomy for the government/private enterprises and also assist to remove or divest unproductive enterprises in the economy





.. PICK ANY 5

1. Finding the Best Distribution Channels
Distribution is about deciding how you'll get the goods or services you want to sell to the people who want to buy them. Having an idea for a product is great, but if you aren't able to get that product to the customers you aren't going to make money. Distribution can be as easy as setting up shop in the part of a city where your target customers are – but in an increasingly interconnected world, distribution more often than not now means that you'll need to take your products or services to the customers.

2. Financing an Enterprise
It takes money to make money. As a business owner, an important function of marketing a product is finding the money through investments, loans, or your personal capital to finance the creation and advertising of your goods or services.

3. Deep Market Research
Market research is about gathering information concerning your target customers. Who are the people you want to sell to? Why should they buy from you as opposed to a rival business? Answering these questions requires that you do some on-the-ground observation of the market trends and competing products.

4. Setting Prices
Setting the correct price for your product or service can be a challenge. If you price it too high, you might lose customers – but if you price it too low you might be robbing yourself of profits. The "right" price normally comes through trial and error and doing some market research.

5. Product and Service Management
Once you've determined the target market and set the price of your product or service, the goal becomes to effectively manage the product or service. This involves listening to customers, responding to their wants and needs, and keeping your products and services fresh and up to date.

6. Promotional Channels
Most business owners are familiar with the idea of promotion. Advertising your products and services is essential to attracting new customers and keeping existing customers coming back. As the marketplace changes, you'll want to respond appropriately by tailoring your promotion messages to social media, by sticking with more conventional outlets, or by using a mix of the old and new.

7. Matching Products to Customers
While we tend to think of selling and marketing as being closely linked, selling is last on the list of the seven functions of marketing. This is because selling can happen only after you've determined the wants and needs of your customer base and are able to respond with the right products at the right price point and time frame.


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