Waec Commerce Past Questions and Answers

Question 416:

• WAEC 1993

Which of the following is not a basic want of man?

A. Transport
B. Food
C. Water
D. Clothing
E. Shelter

Question 417:

• WAEC 1993

Which of the following comes last in the chain of distribution? The

A. Consumer
B. Manufacturer
C. Retailer
D. Wholesaler
E. Agent

Question 418:

• WAEC 1993

Which of the following is not an aid to trade?

A. Transport
B. Production
C. Banking
D. Insurance
E. Warehouse

Question 419:

• WAEC 1993

Trade can be described as?

A. Purchase of goods and services
B. Production of goods
C. Buying and selling
D. Distribution of goods
E. Storage of goods

Question 420:

• WAEC 1993

A system in which people provide their own needs directly is known as?

A. Sub-standard economy
B. Subsistence economy
C. Mixed economy
D. Monetized economy
E. Specialized economy