Waec Commerce 1991 Past Questions and Answers

Question 16:

• WAEC 1991

Activities aimed at creating an image foe an organization are known as?

A. Advertising
B. Market research
C. Public relation
D. Exhibition
E. Mass marketing

Question 17:

• WAEC 1991

Patent Right gives the owner the exclusive right to?

A. Produce any type of goods
B. His invention
C. Form a new business
D. Sell to other maunfacturer
E. Produce the same goods with other manufacturers

Question 18:

• WAEC 1991

The method by which insurance companies spread their risk to other insurance companies is called?

A. Double insurance
B. Under-insurance
C. Re - insurance
D. Over- insurance
E. Underwriting

Question 19:

• WAEC 1991

QWhen a number of insurers are liable under one given policy, the principle of insurance that applies is/

A. Indemnity
B. Subrogation
C. Abandonment
D. Contribution
E. Proximate cause

Question 20:

• WAEC 1991

The interplay of such variables as product, price, distribution and promotion is known as?

A. The distribution mix
B. Market segmentation
C. The market mix
D. The marketing concept
E. Produce mix