Waec Commerce Past Questions and Answers

Question 1751:

• WAEC 2011

When C.I.F is quoted on an invoice, it means that the price includes the

A. Cost of goods only
B. Cost of insurance only
C. Cost of carriage only
D. Cost, insurance and carriage

Question 1752:

• WAEC 2011

Encouraging a high quality of members' products through the circulation of research information is a function of

A. Manufacturers Association
B. Trade Union
C. Employers Association
D. Consumers Association

Question 1753:

• WAEC 2011

A voluntary association of business executives within a locality is known as

A. Trade Union
B. Consumers' Association
C. Chamber of Commerce
D. Trade Association

Question 1754:

• WAEC 2011

Which of the following is not a function of Ports Authority?

A. Providing facilities for loading and off-loading of vessels
B. Collection of dock dues
C. Providing enough ships for the country
D. Dredging of harbours

Question 1755:

• WAEC 2011

Using symbols, letters, name or combination of these by a company to distinguish its products is

A. Product cycle
B. Marketing mix
C. Trade mark
D. Market segmentation