Waec Commerce Past Questions and Answers

Question 1991:

• WAEC 2015

All activities aimed at creation of a good image for an organisation are referred to as

A. Market segmentation
B. Market research
C. Public relation
D. Consumer orientation

Question 1992:

• WAEC 2015

which of the following is a disadvantage of foreign trade

A. It encourages dumping
B. It widens the world market
C. It encourages specialization
D. It provides varieties of goods

Question 1993:

• WAEC 2015

the study to discover consumers' preference and needs is called

A. Market segmentation
B. Consumer orientation
C. Market research
D. Market mix

Question 1994:

• WAEC 2015

a private limited liability company differs from a public limited liability because it

A. Does not issue its shares to the public
B. As a separate entity
C. Has many directors
D. Is a going concern

Question 1995:

• WAEC 2015

which of the following is a disadvantage of retailing

A. Selling on credit
B. Lower prices of goods
C. Selling in smaller quantities
D. Located at convenient places