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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 536:

The rate at which one country”s products are exchanged for the products of another is?

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A Balance of trade
B Balance on current account
C Terms of trade
D Balance of payments
E Foreign exchange

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Question 537:

Which of the following is not performed by the shipping and forwarding agents?

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A Reservation ofshipping space
B Collection of payment from the importer
C Collection of goods from the factory
D Preparation of the bill of lading
E Arrangementfor marine insurance

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Question 538:

A group of trims that produce similar goods or sen/ices is called?

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A An industry
B A trade association
C A cartel
D A holding company
E An amalgam

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Question 539:

Retail outlets which sell from specialised vans are

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A Supermarkets
B Multiple shops
C Mail orderfirms
D Department stores
E Mobile shops

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Question 540:

Which of the following is a problem facing mail order business?

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A Expensive shop fronts
B Cost of postage and advertisement
C Commission to agents
D Increase in branded goods
E Increase in the variety of catalogues

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