Commerce 1998 Waec Past Questions and Answers

Question 111 :

• WAEC 1998

(a) Illustrate any four channels of distribution of manufactured goods.
(b) Explain the statement the longer the channel, the higher the price.
(c) Give five reasons why small scale retail businesses may fail.

Question 112 :

• WAEC 1998

The state of affairs of Danchukwu Enterprises for the year ended 30th September, 1997 shows the following:
Capital 90,000.00
Creditors 22,000.00
Vehicles 50,000.00
Furniture & Fittings 20,000.00
Cash in hand 18,000.00
Stock 24,000.00
(a) What is Danchukwu's working capital, using the above information?
(b) Mention four uses of working capital.
(c) Differentiate current capital from fixed capital.