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Tuesday, 28 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 371:
A function of a retailer is to ____________
  • A Determine the prices of goods
  • B Stock a variety of goods
  • C Buy goods in large quantities
  • D Make money available to the manufacturer
View Answer & Explanation
Question 372:
The price of an item is N 300 with a trade discount of 20%, What is the selling price?
  • A N180
  • B N240
  • C N300
  • D N360
  • E No option
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Question 373:
A hire purchase transaction becomes a sale when the hirer
  • A Pays full cost of the goods
  • B Agrees with the hire purchase terms
  • C Takes possession of the goods
  • D Pays part of the instalments
View Answer & Explanation
Question 374:
An electronic system of communication which serves as the international information bank is called ____________
  • A An e-mail
  • B A satellite
  • C A telex
  • D The Internet
View Answer & Explanation
Question 375:
Personal selling is important to a business because it can be used to ____________
  • A Distract competitors
  • B Distribute free samples
  • C Sell custom-made products
  • D Effect labour - oriented pricing
View Answer & Explanation