Waec Commerce Past Questions and Answers

Question 2261:

• WAEC 2021

The saying that the 'consumer is always right' describes the doctrine of

A. Caveat emptor
B. Consumer sovereignty
C. Consumer protection
D. Proximate cause

Question 2262:

• WAEC 2021

A disadvantage of privatization is that

A. There is reduction in the quality of goods
B. There is incipiency in the supply of goods
C. The existence of monopoly is high
D. The profit motive outweighs public interest

Question 2263:

• WAEC 2021

The act of placing goods in glass shields in front of shops to attract passersby is

A. Window display
B. Trade fair
C. Personal selling
D. Sales promotion

Question 2264:

• WAEC 2021

The practice of making a state firm more profit-oriented is

A. Privatization
B. Nationalization
C. Deregulation
D. Commercialization

Question 2265:

• WAEC 2021

Trade fairs and exhibitions are media of

A. Sales promotion
B. Market segmentation
C. Market research
D. Customer service.