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Waec Commerce 2020 Past Questions and Answers

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Waec 2020 Commerce Past Questions

Question 11:


One advantage of small scale retail outlet is?

A. Availability of self service facilities
B. Ability to buy in bulk
C. Easy access to large amount of capital
D. Personal attention to customers


Question 12:


A discount deducted from the invoice price of goods to enable the retailer to make profit is?

A. Cash discount
B. Functional discount
C. Trade discount
D. Seasonal discount


Question 13:


A document issued by the seller`s own courier and signed by the customer to acknowledge receipt of the goods is?

A. Advice note
B. Consignment note
C. Delivery note
D. Freight note


Question 14:


A request for goods from another country by an importer would be made using?

A. An invoice
B. An indent
C. An order
D. A quotation


Question 15:


The right to buy or sell stock exchange with a stipulated period is?

A. Option
B. Contango
C. Backwardation
D. Brokerage






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