Waec Commerce Past Questions and Answers

Question 306:

• WAEC 1991

The reward of land as a factor of production is known as?

A. Interest
B. Rent
C. Profit
D. Wages
E. Toll

Question 307:

• WAEC 1991

The reward of land as a factor of production is known as?

A. Interest
B. Rent
C. Profit
D. Wages
E. Toll

Question 308:

• WAEC 1991

The outright purchase of one company by another is called?

A. Absorption
B. Merger
C. Cartel
D. Acquisition
E. Privatization

Question 309:

• WAEC 1991

The form of advertising which aims at wining the market for one particular brand is known as?

A. Informative advertisement
B. Generic advertisement
C. Persuasive advertisement
D. Competitive advertisement
E. Direct advertisement

Question 310:

• WAEC 1991

The marketing concept which begins and ends satisfying the needs and wants of the consumer is called?

A. Caveat venditor
B. Consumer orientation
C. Consumer association
D. Consumer protection
E. Caveat emptor