Waec Commerce 2001 Past Questions and Answers

Question 41:

• WAEC 2001

Which of the following is a function of a warehouse?

A. Stabilizing prices
B. Increasing competition
C. Stimulating demand
D. Controlling quality

Question 42:

• WAEC 2001

The term "2¹/₄%40 days"refers to?

A. Mark-up
B. Trade discount
C. Cash discount
D. Value added tax

Question 43:

• WAEC 2001

The turnover of a company will improve if the company increases?

A. Advertising
B. Prices of goods
C. Production
D. Warehousing facilities

Question 44:

• WAEC 2001

An association businessmen including manufacturers, traders, bankers and people engaged in business in an area is known as?

A. Trade associate
B. Chamber of commerce
C. Trade union
D. Cooperative society

Question 45:

• WAEC 2001

Product pricing, distribution and promotions are elements of?

A. Marketing mix
B. Marketing research
C. Sales promotion
D. Product orientation