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Waec Commerce Past QuestionsQuestion 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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