Waec Commerce 1997 Past Questions and Answers

Question 11:

• WAEC 1997

The rebate given to the retailer by the wholesaler to enable him make profit is known as

A. Commission
B. Mark-up
C. Trade discount
D. Cash discount
E. Credit guarantee

Question 12:

• WAEC 1997

Division of labour often results in

A. A decrease in production
B. An increase in production
C. Waste of time
D. Uneconomic use of tools
E. Greater craftsmanship

Question 13:

• WAEC 1997

Who among the following is not an agent?

A. Broker
B. Factor
C. Jobber
D. Manufacturer's representative
E. Aunctioneer

Question 14:

• WAEC 1997

Who among the following comes first in the channel of distribution?

A. Consumer
B. Retailer
C. Consignor
D. Manufacturer
E. Wholesaler

Question 15:

• WAEC 1997

The services rendered by Nigerian Airways to foreign companies are part of Nigeria's

A. Visible exports
B. Visible imports
C. Invisible exports
D. Invisible imports
E. Entreport trade