Commerce Past Questions And Answers
The process whereby a firm directs its marketing efforts towards a single market by the use of a particular marketing mix is referred to as
- A. concentration segmentation
- B. market concept
- C. consumer orientation
- D. market penetration
(a) What is a vending machine?
(b) State six reasons why supermarkets are popular with shoppers.
View Discussion (0)WAEC 2015 THEORYKamaldeen is a seller in a hire-purchase agreement with Emeka. By law, Kamaldeen cannot recover the hire purchased goods. This is an instance of a restriction on
- A. Emeka's right to terminate the agreement
- B. Kamaldeen's right to re-hire the Goods
- C. Emeka's right to breach the agreement
- D. Kamaldeen's right to terminate the agreement
The risks that can be forecast and measured is termed___________
- A. Gambling
- B. Insurable risks
- C. Non-Insurable risks
- D. Indenmity Insurance
In the contract of sale of goods, let the buyer beware' is signified by
- A) del credence
- B) caveat vendetta
- C) caveat emptor
- D) res ipsaloquitor
Direct selling by a producer to a consumer is possible when the
- A. goods have to be made on demand
- B. manufacturer has a good knowlegde of the market
- C. customer buys in small quantities
- D. goods are fashionable
Law-making is an example of?
- A. indirect service
- B. commerical occupation
- C. direct service
- D. industrial occupation
Sabo and Gambo entered into a contract for the sale of two baskets of tomatoes belonging to Gambo. Before the date the date of delivery and without any default by Gambo, the tomatoes were stolen. This is an example of termination of contract by
- A. breach
- B. performance
- C. fault
- D. frustration
Which of the following confirms the accuracy of the duty charged on imported goods?
- A. An indent
- B. Consular invoice
- C. Consignment note
- D. Shipping note
Gilt-edged securities are issued mainly by
- A. individuals
- B. non-governmental organisations
- C. Government
- D. multi-national companies