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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 721:

The shares of XYZ Plc are quoted at the stock exchange by a jobber at 85k for k share. How much will Alabi, an investor who buys 500 shares pay?

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A #675.00
B #425.00
C #250.00
D #175.00
E #75.00

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Question 722:

An agent who guarantees payments for goods sold is

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A A factor
B A del credere agent
C A broker
D A partner
E An aunctioneer

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Question 723:

Dumping means selling goods abroad

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A At a lower price than in the home market
B At a higher price than in the home market
C At the same price as in the home market
D On credit in the foreign market
E For ready cash in the foreign market

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Question 724:

Which of the following are functions of marketing?

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A Buying, fnancing, selling and transporting
B Sorting, grading, managing and storage
C Risk-bearing, storage, production and promotion
D Organizing, risk-bearing, transporting and storage
E Production, promotion, distribution and pricing

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Question 725:

(a) Give two examples of small-scale retail outlets and three examples of large- scale retail outlets
(b) Explain five reasons for the survival of small-scale retailers.

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