Commerce 2020 Waec Past Questions and Answers

Question 6 :

• WAEC 2020

The factor of production which bear all the risk of the business is?

A. Capital
B. Entrepreneurship
C. Labour
D. Land

Question 7 :

• WAEC 2020

production is complete when product reach the?

A. Warehouses
B. Users
C. Retailers
D. Shops

Question 8 :

• WAEC 2020

The difference between a country`s imports and exports of goods in a particular year is?

A. Terms of trade
B. Terms of payment
C. Balance of payment
D. Balance of trade

Question 9 :

• WAEC 2020

Goods brought into the country for sale are the country`s?

A. Invisible imports
B. Invisible exports
C. Visible imports
D. Visible exports

Question 10 :

• WAEC 2020

A feature of supermarkets which distinguishes it from other large scale retail outlets is that items sold are?

A. Mainly household goods
B. Mainly industrial goods
C. Delivered by post
D. One line of products