Waec Commerce Past Questions and Answers

Question 1891:

• WAEC 2013

(a) state five importance of personal selling to a business
(b) Explain five reasons why communication is important to a business

Question 1892:

• WAEC 2013

State two distinguishing features between each of the following;
(a) Tramps vessels and ocean liners
(b) A factor and a broker
(c) A commissioned agent and a del credere agent
(d) consular invoice and proforma invoice
(e) Insurance and assurance

Question 1893:

• WAEC 2013

(a) Explain the meaning of market segmentation
(b) List and explain four factors to be considered in segmenting a market

Question 1894:

• WAEC 2013

(a) Define the following terms
(i) nationalization (ii) Indigenization (iii) commercialization (iv) privatization
(b) state four reasons why government should participate in business

Question 1895:

• WAEC 2014

A price quotation which includes all the expenses involved in loading the goods into a ship is

A. Free on Board (FOB)
B. Free Alongside Ship (FAS)
C. Cost, Insurance, Freight (C.I.F)
D. Ex-ship