Commerce Past Questions And Answers
An underlined principle in the marketing of goods is that firms should
- A. Train their personnel
- B. be consumers oriented
- C. advertise the goods
- D. sell through outlets
(a) What are Thrift Societies?
(b) Describe five services rendered by Thrift Societies to their members
View Discussion (0)WAEC 1993 THEORYAn organization formed mainly by traders on the same line of business is known as?
- A. trade union
- B. cooperative society
- C. trade association
- D. chamber of commerce
Which of the following legislation aims primarily at the protection of consumers?
- A. Company's Act
- B. Partnership Act
- C. Trade Description Act
- D. Law of contract
Which of the following is responsible for protecting consumers against poor quality goods
- A. Industrial tribunal
- B. Manufacturers associations
- C. Standard organization of Nigeria
- D. Trade associations
If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of
- A. utmost good faith
- B. subrogation
- C. insurable interest
- D. indemnity
One of the main problems of nationalization is that?
- A. nationals ,may not welcome the change of ownership
- B. foreigners are not able to control the economy
- C. repatriation of profit is increased
- D. there may be capital flight
(a) Give four reasons why retail shops adopt self service.
(b) Explain six facilities that a retail shop should have to encourage self service.
View Discussion (0)WAEC 2002 THEORYA business environment that take into consideration the beliefs, attitudes, needs, values and attitudes of the people is_________
- A. Economic environment
- B. Technological environment
- C. Political environment
- D. Cultural environment
When the government decides to run a statutory corporation as a profit-oriented enterprise, this is known as
- A. nationalization
- B. commercialization
- C. take-over bid
- D. privatization