Waec Commerce 2005 Past Questions and Answers

Question 46:

• WAEC 2005

A bank's undertaking to pay an exporter on behalf of an importer is a

A. Documentary credit
B. Letter of credit
C. Letter of hypothecation
D. Bill of exchange

Question 47:

• WAEC 2005

Who among the following cannot be regarded as an itinerant trader

A. Gypsy
B. Barrow boy
C. Pedlar
D. Stall owner

Question 48:

• WAEC 2005

Which of the following will not be considered in choosing a channel of distribution?

A. Nature of product
B. Preferences of customers
C. Volume of sales
D. Quality of product

Question 49:

• WAEC 2005

A manufacturer of goods that are seasonally demanded will be in dire need of a

A. Wealthy customer
B. Suitable means of transport
C. Warehouse
D. Large house frontage

Question 50:

• WAEC 2005

Which of the following is a feature peculiar multiple shops?

A. Central Location
B. Self Service
C. Central Buying
D. One stop shopping