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Waec 1994 Commerce Past QuestionsQuestion 26:The coming together of firms at different stages of the production process is known as? A. Horizontal integration B. Vertical integration C. Consortium D. Cartel E. Holding company Question 27:Who among the following is not a commercial occ?upaation A. A stoke broker B. An engineer C. A banker D. A common carrier E. An advertising agent Question 28:The storing of goods under proper conditions until they are required is a function of? A. Stock taking B. Warehousing C. Stock control D. Merchandising E. Blending Question 29:30 Rate of turnover is the? A. Number of times opening stock is sold during a period B. Rate paid by retailers for their stocks C. Rate paid to agents forturning over their stock ata given period D. . number of times the stock is turned over E. Number of times average stock is sold during a period Question 30:A postal order, either crossed or open is only valid for a period of? A. 12 months B. 10 months C. 8 months D. 6 months E. 5 months |
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