Waec Commerce Past Questions and Answers

Question 551:

• WAEC 1994

The rebate given to the retailer by the wholesalerto enable him make profit is known as

A. Trade discount
B. Cash discount
C. Credit guarantee
D. Commission
E. Mark-up

Question 552:

• WAEC 1994

Who among the following is not involved in foreign trade?

A. Factor
B. Dei Credere Agent
C. Wholesale Merchant
D. Jobber
E. Forwarding Agent

Question 553:

• WAEC 1994

Which of the following belongs to the capital market?

A. Commercial bank
B. Stock exchange
C. Ministry of Finance
D. Chamber of Commerce
E. Discount House

Question 554:

• WAEC 1994

The giving of clear instructions and information to all concerned in an organisation to ensure proper understanding of decisions and policies?

A. Organising
B. Planning
C. Communicating
D. Directing
E. Coordinating

Question 555:

• WAEC 1994

Commerce is not concerned with?

A. Changing the place ofa product
B. Changing the form ofa product
C. Changing ownership of a product
D. Distribution of a product
E. Warehousing of a product