Waec Commerce 2001 Past Questions and Answers

Question 51:

• WAEC 2001

(a) With the aid of a diagram, illustrate the scope of commerce.
(b) Explain four commercial activities that facilitate buying and selling.

Question 52:

• WAEC 2001

(a) Differentiate between Hire Purchase and Credit Sale
(b) Give four advantages of hire purchase to each of following:
(i) a seller
(ii) a buyer

Question 53:

• WAEC 2001

Write short notes on the following :
(a) Persuasive advertising
(b) Informative advertising
(c) Competitive advertising
(d) Mass advertising
(e) Direct advertising

Question 54:

• WAEC 2001

(a) State six distinguishing features of a mail order business
(b) Give four disadvantages of a mail order business

Question 55:

• WAEC 2001

(a) Explain six reasons for government participation in business enterprises
(b) State four demerits of governme-participation in business enterprises