Waec Commerce Past Questions and Answers

Question 1761:

• WAEC 2011

The completion of the production process by grading and branding of goods is a function of the

A. Transporter
B. Wholesaler
C. Retailer
D. Consumer

Question 1762:

• WAEC 2011

The development of commerce was encouraged by the desire to

A. Get goods and services of others
B. Work with others
C. Create wealth for the nation
D. Satisfy all wants and needs

Question 1763:

• WAEC 2011

Which of the following is not a member of the Lake Chad Basin Commission

A. Nigeria
B. Chad
C. Gabon
D. Cameroun

Question 1764:

• WAEC 2011

A false statement made by one party with an intention of inducing to enter into a contract with him is known as

A. Misrepresentation
B. Legal capacity
C. Consensus ad idem
D. Consideration

Question 1765:

• WAEC 2011

The essence of adopting marketing concept by a firm is the recognition that goods and services have no values unless they are

A. Desirable to customers
B. Company oriented
C. Beautifully packaged
D. Profit oriented