Waec Commerce 2015 Past Questions and Answers

Question 6:

• WAEC 2015

Dividing the market for a product according to potential buyers who have common characteristics is?

A. Market analysis
B. Market penetration
C. Market segmentation
D. Market research

Question 7:

• WAEC 2015

Which of the following aids to trade facilitates production ahead of demand

A. Insurance
B. Transport
C. Advertising
D. Warehousing

Question 8:

• WAEC 2015

When a government acquires business enterprises formerly owned by individuals, it is termed?

A. Commercialization
B. Indigenization
C. Privatization
D. Nationalization

Question 9:

• WAEC 2015

How many countries make up the River Niger Basin commission

A. 16
B. 12
C. 10
D. 9

Question 10:

• WAEC 2015

Which of the following means of payment makes the bank both the drawer and drawee

A. Standing order
B. Bill of exchange
C. Bank draft
D. Open cheque