Waec Commerce 2003 Past Questions and Answers

Question 66:

• WAEC 2003

Write short notes on each of the following:
(i) Small stores
(ii) Mobile shops
(iii) Tied shops
(iv) Supermarkets
(v) Peddling.

Question 67:

• WAEC 2003

(a) Explain five roles of transport to businessmen.
(b) State three characteristics of tramp vessels and two characteristics of ocean liners.

Question 68:

• WAEC 2003

The following is a summary of the assets and liabilities of Odika Enterprises for the year ended December 31st 2000.

	N
motor vehicle	60,000
fixtures & fittings	60,000
machinery	65,000
warehouse	18,000
stock	20,000
prepayment	10,000
Accrued expenses	12,000
cash-in-hand	8,000
cash at bank	6,000
bank overdraft	3,500
creditors	5,000
Debtors	6,000
premises	75,000

(a) From the above figures, calculate the following, showing all workings:
(i) capital owned
(ii) fixed assets
(iii) working capital.
(b) List five sources of capital available to a public limited company.

Question 69:

• WAEC 2003

(a) Give five reasons why a manufacturer may brand his products.
(b) State five advantages of packaging.

Question 70:

• WAEC 2003

(a) What is market?
(b) Explain four ways by which market-ing is important to the economy
(c) State five functions marketing.