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Waec Commerce Past Questions and Answers

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Waec Commerce Past Questions

Question 256:


Which of the following is a retail outlet to eliminate the profit of middlemen?

A. Producer co-operative
B. Consumer co-operative
C. Thrift and Credit Society
D. Department store
E. Multiple shop


Question 257:


The use of catalogues is associated with?

A. Hawkers
B. Roadside traders
C. Mobile shops
D. Chain stores
E. Mail-order business


Question 258:


A documents which a retailer sends to a wholesaler requesting him to supply items is called?

A. A letter of inquiry
B. A catalogue
C. An invoice
D. An order
E. A tender invoice


Question 259:


When a seller sends pro-forma invoice to a potential customer, it is?

A. An indication that the seller is out of business
B. An indication that the goods are out of stock
C. A polite way of asking him to return the goods already purchased
D. An invitation to the purchaser to buy on hire-purchase
E. An indication that credit will not be granted


Question 260:


A merchant wholesaler is one who?

A. Takes title to the goods he sells
B. Does not own the goods he sells
C. Earns a commision for serving as an agent
D. Sometimes makes retail sales
E. Engages in merchandizing






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