2019 VERIFIED NECO COMMERCE ~ Realight

subscription for NECO RUNZ/JUPEB & IJMB is ongoing

*2019 VERIFIED NECO COMMERCE ANSWERS*
✔️✔️✔️✔️✔️✔️
💯💯💯💯💯
Commerce Obj
1-10: ACAEDABDAC
11-20: EBEDEDCDBC
21-30: ADAABCDBAC
31-40: BADBEEEBCD
41-50: EAEECDECED
51-60: CBEBADEBBB
=====================================

*2019 NECO COMMERCE ESSAY ANSWERS*

================================

1(a). Multilateral trade is a type of international trade in which a country trades with many other countries. This ensures international division of labour.

1(b)

(i) foreign trade involves the exchange of goods and services across national frontiers while internal trade involves the exchanges of goods within the borders of a county

(ii) In foreign trades, buyers and sellers use different currencies where as buyers and sellers in home trade use the same type of currency

(iii) There is possibility of restriction tariffs,import duties ,export duties ,quotas,embargoes when goods are exchanged across national boundaries while this does not occur in the home trade

(iv)There are also differences in legal systems and culture under international trade but the legal system are the same in domestic trade

(v)foreign trade requires knowledge of new languages and interpretations while in domestic trade ,a common language is used

(vi)differences in transport cost due to distance between buyers and sellers,documentation requirement ,need for insurance in respect of foreign trade distinguish foreign trade from home trade

1(c)

(i) Nigeria

(ii)USA

(iii)Japan

(Iv)Britain

================================

(2a)

(i) Direct production is the type of production in which an individual produces good and services only for family use or consumption

(ii) Indirect production is the type of production in which goods and services are produce in large scale, mainly for sales or exchange for other needs

(2b)

(i) Availability of goods and services:- production helps to ensure that goods and services are made available for use by human beings

(ii) Improvement in standard of living:- production helps to ensure adequate improvement of the standard of living of the people

(iii) Provision of employment:- continuous production ensures the employment of many people

(iv) Increase In export potential:- Production also assists a state or nation to boost her export of goods and services to other nations.

================================

*[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 5)*

(5a)

Money may be defined as anything that is generally acceptable as a medium of exchange for making payments,settlement of debts or other business obligations

(5b)

*[PICK SIX]*

(i)Money is generally acceptable while other commodities are not

(ii)Money is portable while other commodities may not be portable

(iii)Money is relatively scarce while other commodities are not

(iv)Money is homogeneous while other commodities are not

(v)Money is durable while other commodities are not

(vi)Money is stable while other commodities used in trade by barter are not

(vii)Money is divisible into small units while other commodities are not

(viii)Money is easily recognisable by people while other commodities are not

(ix) Money has no intrinsic value while other commodities have intrinsic values

(5c)

*[PICK FOUR]*

(i)Acceptance of deposits

(ii)Safe keeping of Valuables

(iii)Lending of money to customers

(iv)Act as Agent of payment

(v) They solve problem of foreign exchange

(vi)They Render credit transfer services

(vii)They issue Traveller's cheques

(viii)They act as Referees

(ix)They give financial advice to their customer's

==============================

(6)

(i) Risk bearing

(ii) Financing

(iii) Warehousing

(iv) Transportation

(v) Pricing

(i) Risk bearing:- this is taking of risk and appropriate measure to reduce the risk by taking necessary insurance cover

(ii) Financing:- This is the provision of Find from the production point to the point of sale

(iii) Warehousing:- This is the provision of facilities to make it possible for goods to be produce ahead of demand

(iv) Transportation:- This is the movement of goods and services from where they are been produce to where they are needed.

================================

*(NUMBER 7)*

(7i)

Amalgamation:-Amalgamation is the combination or coming together of two or more previously independent firms to form one large firm.It is the unification of two or more organizations to form a new one. Once Firm amalgamate,they lose their former independent identities and control to the new firm

(7ii)

Backward integration:- Backward integration refers to the process in which a company purchases or internally produces segments of its supply chain. In other words, it is the acquisition of controlled subsidiaries aimed at the creation or production of certain inputs that could be utilized in the production.

(7iii)

Consortium:-Consortium is an association of two or more individuals, companies,organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal.A very good example is the consortium of banks that gave loan to African Independent Television (AIT)

(7iv)

Parent company:-Parent company is a company that owns enough voting stock in another firm to control management and operation by influencing or electing its board of directors. It also refers to as a holding company which has control over a number of firms known as subsidiaries. it is also a company which controls several subsidiary companies

(7v)

Trust:-This is an amalgamation of different competing firms in different lines of businesses under a single control. In Trust,the firm will retain their identity but the trustee will take over the management and control. It is vertically integrated in nature and the amalgamated firms are brought under a central control. Certificate will be issued to all members

====================================

*(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

9a) *pick four*

i) It allows organizations to be proactive rather than reactive

ii) It sets up a sense of direction

iii) It increases operational efficiency.

iv)It helps to increase market share and profitability

V) It can make a business more durable

9b) *pick four*

i) Flexibility. Work your own hours.

ii) More spare time (eventually)

iii) Set your own deadlines.

Iv ) Create your own environment.

V) Pursue your passion

*===========================*

COMPLETED!.

*MISSION ACCOMPLISHED*

Do You Also Need Runs For NECO? Then Pay N800 OR instead pay N4,500 9subjects

while VIP cost N7,000

U CAN ALSO SUBSCRIBE TO GET YOUR OBJ ANSWERS AS TEXT MESSAGE DIRECTLY TO YOUR MOBILE PHONE {SEND UR MTN AIRTIME AS TEXT, FOLLOWED BY UR MOBILE NUMBER TO 09077759576. Or 08170764699.

THEN WAIT PATIENTLY FOR UR ANSWERS

2019 NECO Answers – Legit Runz Expo

Welcome, Are you among those sitting for

2019 NECOEXAM)? Are you among those

searching for 2019 NECO
expo .

Follow the steps below to get
the live Questions and Answers at least Six
(3-4) hours before your exam
time.

SUBSCRIPTION FEE PER SUBJECT

Text Message/obj: #300 MTN
CARD
Password/Online
Answers: #800 MTN CARD
WhatsApp Message: #600
MTN CARD

OUR DELIVERY PATTERN

Text Message: In this package,
we send Answers to your phone inbox via
SMS obj only.
WhatsApp Message: In this
package, we add you to an answer broadcast
on WhatsApp were we will post answers to
you.
Password/Online Answers: In this
package we send you the password to unlock
an answer page and access your
answers.

HOW TO SUBSCRIBE OR MAKE PAYMENT

Send

Your Name,
Subject Name (e.g
Marketing),
MTN Recharge Card Pin(s)
and
Your Phone Number to
09077759576

Please don’t call, just send us text

message, We don’t attend

to calls because of too many calls. We are

always busy.

No Free Answer will be Posted here at All,

So Subscribe Now and Get Your Answers In The Night Or latest 5hours Before Exam.

Keep your recharge cards safe
until you receive a confirmation
message.

Make your examination with this help desk without stressing yourself.

YOUR ANSWERS ARE LOADING KEEP ON REFRESHING EVERY 2MINUTES WE ARE ATTENDING TO OUR SUBSCRIBERS BEFORE DROPPING HERE!