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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 711:

The allowance given to a retailer to enable him make a profit is known as

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A Interest
B Commission
C Trade discount
D Cash discount
E Dividend

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Question 712:

One of the features of a supermarket is

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A Having similar shop fronts
B Having many shops under one root
C Selling common household goods
D Having central control from headquarters
E Selling without shops

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Question 713:

A group of public limited companies that commonly own a joint venture is known as

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A Holding company
B Consortium
C Cartel
D Trust
E Merger

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Question 714:

Which of the following clearly defines business?

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A The process of planning, coordinating, organising and controlling
B The act of achieving goals with the help of others
C The act of buying and selling
D Sole proprietorship, Partnership and Public Limited Companies
E Any productive activity undertaken for profit motive

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Question 715:

Which of the following ensures that the quality of a product is maintained?

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A Price Control Board
B Chamber of Commerce
C Food and Drugs Act
D Standards Organisation of Nigeria
E Manufactures Association of Nigeria

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