Waec Commerce 2016 Past Questions and Answers

Question 51:

• WAEC 2016

A distinctive symbol, title or design that readily identifies the company and its products is?

A. Patent right
B. Trade mark
C. Trade name
D. Brand name

Question 52:

• WAEC 2016

Explain five ways in which commerce is important is in the life of a nation

Question 53:

• WAEC 2016

(a) List four features of a self service shop.
(b)State four disadvantages of a self service shop.
(c)State four importance of working capital to a business.

Question 54:

• WAEC 2016

(a)State four functions of wholesaler to a retailer.
(b) Explain five advantages of small scale retail business over a large scale business.

Question 55:

• WAEC 2016

Explain each of the following classes of insurance:
(a) Marine insurance
(b)Accident insurance
(c)Group insurance
(d) Fidelity Guarantee insurance
(e) Consequential Loss Insurance.