Waec Commerce 2004 Past Questions and Answers

Question 46:

• WAEC 2004

One of the objectives of ECOWAS is to

A. Promote indigenization policy
B. Ensure that quality goods are produced
C. Promote trade within the region
D. Discourage foreign investors

Question 47:

• WAEC 2004

The amount of insurance premium to be paid depends on the

A. Supply and demand of a particular company's service
B. Extent of the possible loss and the frequency of the risk
C. Number of insurance companies in a place
D. Amount of profit to be made by the insurer

Question 48:

• WAEC 2004

Which of the following is the main task of the Marketing Manager whose company has adopted the marketing concept? To

A. Identify and satisfy customer's needs
B. Maintain the company's share of the market
C. Recruit more salesmen
D. Make maximum profit

Question 49:

• WAEC 2004

The Money Market is the

A. Market for long term loans
B. Market for short-term loans
C. Market for government securities
D. Banking hall of commercial banks

Question 50:

• WAEC 2004

The choice of medium used in advertising is not determined by the

A. Cost of using a particular medium
B. Age group to which the medium appeals
C. Nationality of people using the medium
D. Number of people reached by the medium