Waec Commerce 2020 Past Questions and Answers

Question 51:

• WAEC 2020

The last link in a channel of distribution is the?

A. Wholesaler
B. Retailer
C. Consumer
D. Agent

Question 52:

• WAEC 2020

A sole proprietor has been advised to advertise her business in order to increase sales.
(a) i. List four advertising media she could use.
ii. State four factors she would consider in the choice of a medium.
(b) State four advantages of advertising to her business

Question 53:

• WAEC 2020

(a) State four functions of a cartel
(b) Explain three advantages and three disadvantages of public enterprises

Question 54:

• WAEC 2020

(a) List six credit instruments used in business transactions
(b) Mr. Sylva is considering hire purchase as a source of finance for his business operations. State four advantages and three disadvantages of this source of finance.

Question 55:

• WAEC 2020

(a) Explain four factors to be considered in setting up a retail business.
(b) State how the government uses the following to regulate business:
i. registration of business name
ii. patent;
iii. trade mark;
iv. copyright.