Waec Commerce Past Questions and Answers

Question 2201:

• WAEC 2020

production is complete when product reach the?

A. Warehouses
B. Users
C. Retailers
D. Shops

Question 2202:

• WAEC 2020

The difference between a country`s imports and exports of goods in a particular year is?

A. Terms of trade
B. Terms of payment
C. Balance of payment
D. Balance of trade

Question 2203:

• WAEC 2020

Goods brought into the country for sale are the country`s?

A. Invisible imports
B. Invisible exports
C. Visible imports
D. Visible exports

Question 2204:

• WAEC 2020

A feature of supermarkets which distinguishes it from other large scale retail outlets is that items sold are?

A. Mainly household goods
B. Mainly industrial goods
C. Delivered by post
D. One line of products

Question 2205:

• WAEC 2020

One advantage of small scale retail outlet is?

A. Availability of self service facilities
B. Ability to buy in bulk
C. Easy access to large amount of capital
D. Personal attention to customers