Waec Commerce 2005 Past Questions and Answers

Question 66:

• WAEC 2005

Commercial activities among West African countries are greatly hindered by

A. Nationalization decree
B. Lack of an acceptable medium of exchange
C. Good road network
D. Too many commercial banks

Question 67:

• WAEC 2005

Which of the following makes it an offense for a trader to make untrue statement about his goods?

A. Consumerism
B. Consumer Credit Act
C. Trade Description Act
D. Price Control Act

Question 68:

• WAEC 2005

Which of the following is a means by which a contract of agency could be terminated?

A. Mutual agreement
B. Lack of consideration
C. Failure to insure the contract
D. Payment of commission

Question 69:

• WAEC 2005

Which of the following would be necessary before the introduction of a new product?

A. Product differentiation
B. Target marketing
C. Market research
D. Market segmentation

Question 70:

• WAEC 2005

People who are against advertising claim that it

A. Widens the market for consumer goods
B. Encourages consumers to buy what they do not need
C. Emphasizes the good feature of a particular product
D. Promotes competion among firms