Waec Commerce 1994 Past Questions and Answers

Question 61:

• WAEC 1994

Any paid form of non-personal presentation of ideas, goods or services by an identified sponsor is known as?

A. Market research
B. Market orientation
C. Open market operation
D. Advertising
E. Sales promotion

Question 62:

• WAEC 1994

The art of achieving stated objectives of a business organisation in a most efficient way through the use of human and material resources is?

A. Planning
B. Co-ordinating
C. Management
D. Motivation
E. Control

Question 63:

• WAEC 1994

ECOWAS headquarters is located in?

A. Ghana
B. Nigeria
C. Senegal
D. Sierra Leone
E. Togo

Question 64:

• WAEC 1994

Which of the following encourages free trade among member nations?

A. LMF
B. UNO
C. WHO
D. OAU
E. EEC

Question 65:

• WAEC 1994

Which ofthe following refers to the practice ofimporting forre-export?

A. Counter trade
B. Dumping
C. Entrepot trade
D. Forward trading
E. Bilateral trade