Waec Commerce Past Questions and Answers

Question 1766:

• WAEC 2011

When consumers engage in actions that express dissatisfaction with the quantity, price and quality of goods available, such action is termed

A. Consumer behaviour
B. Consumerism
C. Consumer education
D. Consumer orientation

Question 1767:

• WAEC 2011

(a) Explain industrial occupation. Give three examples.
(b) State three uses of capital as a factor of production.
(c) State four uses of land as a factor of production.

Question 1768:

• WAEC 2011

(a) State five features of a partnership business.
(b) Explain five reasons why governments participate in business.

Question 1769:

• WAEC 2011

(a) State any four advantages of a public limited company.
(b) Explain the following:
(I) Ordinary shares (ii) Cumulative preference shares (iii) Debenture.

Question 1770:

• WAEC 2011

(a) List four means of payment in business.
(b) Explain the following: (i) Quotation (ii) Hire purchase (iii) Deferred payment (iv) Quantity discount.