Commerce Past Questions And Answers
A contract for the sale of goods involved the?
- A. producer, seller and the buyer of goods
- B. offering of goods to customers
- C. transfering of the title to goods for money
- D. exchange of goods
A royal charter was granted to the Royal Niger Company to do business in Nigeria in
- A. December 1888
- B. May 1887
- C. July 1886
- D. August 1885
Which of the following is a form of sales promotion?
- A. Advertising through radio
- B. Advertising by television
- C. Distributing printed sales literature
- D. Offering free samples to customers
Status enquiry is necessary when
- A. goods are ordered from a mail order firm
- B. money is withdrawn from a fixed deposit account
- C. granting credit to a new customer
- D. goods areproduced according to specification
Factoring is a trade debt term used when the agent buys all the trade debts of the
- A. importers
- B. exporters
- C. nation
- D. customers
Which of the following involves gathering and analysing information about demand, consumers wants and new products?
- A. Sales promotion
- B. Market research
- C. Personal selling
- D. After-sales service
Write short notes on the following, showing their main uses in foreign trade:
(a) Shipping notes
(b) Ship's manifest
(c) Bill of sight
(d) Dock warrant
(d) Bill of entry.
View Discussion (0)WAEC 1993 THEORYThe counterfoil of a cheque book enables the drawer to
- A. request for a new cheque book
- B. reconcile his book of accounts
- C. know who the debtors are
- D. obtain an overdraft from the bank
One of the major determinants of the volume of production is
- A. the market size
- B. the availability of banks
- C. sex distribution
- D. government policy
A demonstration of social responsibility by a business is the payment of
- A. taxes to government
- B. dividends to shareholders
- C. interests on loans
- D. premium on insurance