Waec Commerce 1992 Past Questions and Answers

Question 16:

• WAEC 1992

The most important function of the retailer is to?

A. Sell goods on credit
B. Operates on weekends and public holidays
C. Make goods available in units
D. Buy from wholesalers
E. Operate at convenient places

Question 17:

• WAEC 1992

A trade agreement in which two countries exchange goods and services is known as?

A. Export trade
B. Bilateral trade
C. Multilateral trade
D. Entrepot trade
E. Barter trade

Question 18:

• WAEC 1992

A term embracing buying, selling and distributing of goods and services is known as?

A. Wholesale trade
B. Retail trade
C. Commerce
D. Market mix
E. Marketing concept

Question 19:

• WAEC 1992

UTC, kingsway Stores and Leventis Stores are typical examples of?

A. Telephone
B. Recorded delivery
C. Telex
D. Express mail
E. Bill of lading

Question 20:

• WAEC 1992

Which of the following is not a reason for forming a customer association?

A. Protection against poor quality goods
B. Protection against unscrupulous salesmen
C. Improving the quality of goods to consumers
D. Improving the quality of services to shoppers
E. Making profit for consumers