Waec Commerce 1991 Past Questions and Answers

Question 6:

• WAEC 1991

Commerce developed as a result of?

A. Speculation
B. Competition
C. Specialization
D. Importation
E. Exportation

Question 7:

• WAEC 1991

Which of the following is concerned with obtaining raw materials from their natural locations?

A. Extractive industry
B. Manufacturing industry
C. Construction industry
D. Transport industry
E. Engineering industry

Question 8:

• WAEC 1991

In which of the following classes of occupation would you place a commerce teacher?

A. Commercial
B. Extractive
C. Direct service
D. Manufacturing
E. Construction

Question 9:

• WAEC 1991

Turnover may be increased by?

A. Increasing prices and product differentiation
B. Advertising and cutting prices
C. Refusing credits and customer services
D. Increasing the mark-up
E. Stocking very expensive goods

Question 10:

• WAEC 1991

The advantage road transport has over other means of transport is that?

A. Intermediate terminal handling is eliminated by door-to-door delivery
B. Specialised vehicles can be used to carry certain goods
C. Packaging is very easy as experts handle it
D. Canteen services are provided
E. Weather conditions do not affect it