Waec Commerce 1994 Past Questions and Answers

Question 41:

• WAEC 1994

A group of trims that produce similar goods or sen/ices is called?

A. An industry
B. A trade association
C. A cartel
D. A holding company
E. An amalgam

Question 42:

• WAEC 1994

Retail outlets which sell from specialised vans are

A. Supermarkets
B. Multiple shops
C. Mail orderfirms
D. Department stores
E. Mobile shops

Question 43:

• WAEC 1994

Which of the following is a problem facing mail order business?

A. Expensive shop fronts
B. Cost of postage and advertisement
C. Commission to agents
D. Increase in branded goods
E. Increase in the variety of catalogues

Question 44:

• WAEC 1994

When the exporter arranges for the dispatch of goods but leaves the cost of transport to be paid by the importer, the price quoted is?

A. Carriage forward
B. Franco
C. Loco
D. Free on board
E. A free alongside ship

Question 45:

• WAEC 1994

The practice of selling goods in foreign countries at lower prices than obtainable in the exporting country is known as?

A. Hedging
B. Black market
C. Dumping
D. Speculation
E. Speculation