Waec Commerce 2012 Past Questions and Answers

Question 56:

• WAEC 2012

(a) What is credit?
(b) List and explain six principles of insurance.

Question 57:

• WAEC 2012

(a) Explain five factors affecting the choice of transport of frozen products.
(b) State five disadvantages of air transport.

Question 58:

• WAEC 2012

(a) Define the term market segmentation.
(b) List six factors that influence market segmentation.
(c) State five advantages of advertising.

Question 59:

• WAEC 2012

(a) What is a contract?
(b) List five elements of a valid contract.
(c) Explain four ways by which a contract may be discharged.

Question 60:

• WAEC 2012

Explain the following documents used in international trade:
(a) Indent;
(b) Bill of lading
(c) Consular invoice
(d) Certjficate of origin
(e) Bill of exchange.