Waec Commerce 2010 Past Questions and Answers

Question 6:

• WAEC 2010

Small scale retailers continue to survive inspite of serious competition from large scale retailers because they

A. Buy from many manufacturers
B. Maintain personal relationship with customers
C. Stock only one line of goods in their stalls
D. Do not separate business money from personal money

Question 7:

• WAEC 2010

Small scale retailers continue to survive inspite of serious competition from large scale retailers because they

A. Buy from many manufacturers
B. Maintain personal relationship with customers
C. Stock only one line of goods in their stalls
D. Do not separate business money from personal money

Question 8:

• WAEC 2010

Which of the following factors is not to be considered in starting a retail trade?

A. Size of the business
B. Nature of the business
C. Amount of capital required
D. Level of tax payable

Question 9:

• WAEC 2010

The import of foreign-produced goods to be re-exported is known as

A. Domestic trade
B. Wholesale trade
C. Entrepot trade
D. Counter trade

Question 10:

• WAEC 2010

One roof containing a number of shops is a

A. Tied shop
B. Mail order firm
C. Department store
D. Chain store