Waec Commerce Past Questions and Answers

Question 2246:

• WAEC 2020

A sole proprietor has been advised to advertise her business in order to increase sales.
(a) i. List four advertising media she could use.
ii. State four factors she would consider in the choice of a medium.
(b) State four advantages of advertising to her business

Question 2247:

• WAEC 2020

(a) State four functions of a cartel
(b) Explain three advantages and three disadvantages of public enterprises

Question 2248:

• WAEC 2020

(a) List six credit instruments used in business transactions
(b) Mr. Sylva is considering hire purchase as a source of finance for his business operations. State four advantages and three disadvantages of this source of finance.

Question 2249:

• WAEC 2020

(a) Explain four factors to be considered in setting up a retail business.
(b) State how the government uses the following to regulate business:
i. registration of business name
ii. patent;
iii. trade mark;
iv. copyright.

Question 2250:

• WAEC 2020

(a) State four functions of a Stock Exchange.
(b) Explain the following types of securities traded on the Stock Exchange:
i. debentures
ii. bonds
iii. shares
iv. stock.