Waec Commerce Past Questions and Answers

Question 536:

• WAEC 1994

The rate at which one country”s products are exchanged for the products of another is?

A. Balance of trade
B. Balance on current account
C. Terms of trade
D. Balance of payments
E. Foreign exchange

Question 537:

• WAEC 1994

Which of the following is not performed by the shipping and forwarding agents?

A. Reservation ofshipping space
B. Collection of payment from the importer
C. Collection of goods from the factory
D. Preparation of the bill of lading
E. Arrangementfor marine insurance

Question 538:

• WAEC 1994

A group of trims that produce similar goods or sen/ices is called?

A. An industry
B. A trade association
C. A cartel
D. A holding company
E. An amalgam

Question 539:

• WAEC 1994

Retail outlets which sell from specialised vans are

A. Supermarkets
B. Multiple shops
C. Mail orderfirms
D. Department stores
E. Mobile shops

Question 540:

• WAEC 1994

Which of the following is a problem facing mail order business?

A. Expensive shop fronts
B. Cost of postage and advertisement
C. Commission to agents
D. Increase in branded goods
E. Increase in the variety of catalogues