A service whereby NIPOST undertakes to collect money due to the sender of a parcel is called?

Assessment: WAEC SSCE - Commerce - 1993 (Objective) Subject: Commerce

Question 1 Report

A service whereby NIPOST undertakes to collect money due to the sender of a parcel is called?
Answer Details
The service whereby NIPOST undertakes to collect money due to the sender of a parcel is called C.O.D (Cash On Delivery). This means that the recipient of the parcel pays for it upon delivery, and NIPOST then collects the payment on behalf of the sender. This service is commonly used in e-commerce and mail order businesses, as it allows customers to pay for goods only after they have received and inspected them.
Read lesson note on Commerce (JAMB)
View Answer

Related Questions

1

Which of the following is not a basic want of man?
2

Which of the following is not a branch of production?
3

A system in which people provide their own needs directly is known as?
4

In which class of occupation would doctors, teachers and entertainers be grouped?
5

Trade can be described as?
6

Which of the following is not an aid to trade?
7

The function of commerce in production is that it?
8

Which of the following comes last in the chain of distribution? The

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning