Waec Commerce 1992 Past Questions and Answers

Question 31:

• WAEC 1992

Which of the following functions is not performed by as small retailer?

A. Selling in units to consumers
B. Financing producers
C. Buying from wholesaler
D. Selling goods on credits
E. Stocking a variety of goods

Question 32:

• WAEC 1992

Which of the following products is likely to have a low rate of turnover?`

A. Foodstuff
B. Ball-pen
C. Soap and Detergent
D. Furniture
E. Newspaper

Question 33:

• WAEC 1992

Which of the following markets functions involves the actual movement of goods?

A. Exchange function
B. Distribution function
C. Facilitating function
D. Marketing information function
E. Stimulation function

Question 34:

• WAEC 1992

The abbreviation ECOWAS stands for?

A. Economic Community of West African States
B. Economic Communion of West African States
C. Economic Council Of West African States
D. Economics Council of West African States
E. Economics Cooperation of west African States

Question 35:

• WAEC 1992

The difference between cost and selling prices gives?

A. Trading account
B. Net profit/loss
C. Gross profit or loss
D. Appropriation `
E. Balance sheet