Waec Commerce Past Questions and Answers

Question 96:

• WAEC 1989

(a) Give any five advantages of advertising.
(b) What are five distinctive merits of television as a medium of advertising.

Question 97:

• WAEC 1989

Distinguish between the following:
(a) Broker and Jobber.
(b) Gross profit and net profit
(c) Fixed capital and liquid capital.
(d) Factors and del credere agents.
(e) F. 0. B. and C. I. F.

Question 98:

• WAEC 1989

(a) What is consumerism?
(b) Give three reasons why consumers need protection.
(c) State any five measures taken by government or associations to protect consumers in Nigeria.

Question 99:

• WAEC 1989

(a) What is meant by the term insurable risk?
(b) Explain any four circumstances when an insured may not be indemnified.

Question 100:

• WAEC 1989

(a) List five types of business units in Nigeria.
(b) Give five main differences between a retail co-operative society and a public limited liability company.