Waec Commerce 2003 Past Questions and Answers

Question 21:

• WAEC 2003

Which of the following is not a function of the retailing?

A. Buying in bulk and warehousing
B. Buying and selling in bits to consumers
C. Advising consumers on the right type of goods
D. Granting credits to customers

Question 22:

• WAEC 2003

Which of the following is not a function of the retailing?

A. Buying in bulk and warehousing
B. Buying and selling in bits to consumers
C. Advising consumers on the right type of goods
D. Granting credits to customers

Question 23:

• WAEC 2003

The refund made by on goods re-exported after being imported is known as?

A. Import duty
B. Export duty
C. Excise drawback
D. Customs drawback

Question 24:

• WAEC 2003

Which of the following requires services of middlemen?

A. Technical goods
B. Expensive goods
C. Convenience goods
D. Perishable goods

Question 25:

• WAEC 2003

Entrepot trade means?

A. Exchange of goods between two countries
B. Exchange of goods among many countries
C. Exporting goods to be re - imported
D. Importing goods to be re-exported