Commerce Past Questions And Answers
Another name for a foreign order is
- A. consular invoice
- B. dock warrant
- C. standing order
- D. indent
In marine insurance, when a particular cargo is thrown into the sea in order to prevent the ship from sinking, the type of marine loss is
- A. particular average loss
- B. general average loss
- C. total average loss
- D. constructive average loss
A retail business that sells goods by post, using catalogues is a
- A. chain store
- B. department store
- C. mail order firm
- D. shopping mall
A country's terms of trade are said to improve when the ratio of her export
- A. decreases
- B. remains constant
- C. increases
- D. equals import
(a) Differentiate between a trade association and a chamber of commerce. (b) State four functions of a chamber of commerce (c) State four functions of an employers' association.
View Discussion (0)WAEC 2022 THEORYAn insured risk which occurs accidentally as a result of deflects in a ship is?
- A. a voyage policy
- B. a total loss
- C. an emergency
- D. a particular average
Which of the following is not an elements of the marketing mix?
- A. Product
- B. Pricing
- C. Promotion
- D. Purchases
The exchange of goods for other goods in home trade is known as?
- A. entrepot trade
- B. home trade
- C. barter trade
- D. foreign trade
Which of the following is used for moving only goods from one sea port to another?
- A. Ocean liner
- B. Cargo liner
- C. Ferry
- D. Coaster
A disadvantage of personal selling is that it
- A. increase a company's operating cost
- B. decreases acompany's operating cost
- C. increase a company's number of customers
- D. reduces a company's area of patronage