Waec Commerce 1991 Past Questions and Answers

Question 101:

• WAEC 1991

The form of advertising which aims at wining the market for one particular brand is known as?

A. Informative advertisement
B. Generic advertisement
C. Persuasive advertisement
D. Competitive advertisement
E. Direct advertisement

Question 102:

• WAEC 1991

The marketing concept which begins and ends satisfying the needs and wants of the consumer is called?

A. Caveat venditor
B. Consumer orientation
C. Consumer association
D. Consumer protection
E. Caveat emptor

Question 103:

• WAEC 1991

The relationship between a country's total receipts and payments in international trade in a given year is called?

A. Balance of trade
B. Balance of payments
C. Terms of trade
D. Balance of current account
E. Balance on capital account

Question 104:

• WAEC 1991

Division of labour is limited by?

A. Non-availability of special skills
B. The problem of mass production
C. The extent of supply
D. The extent of the market
E. Non-availability of money

Question 105:

• WAEC 1991

(a) In what ways does transport aid trade?
(b) Explain the following in connection with water transport:
(i) freight
(ii) charter party.