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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1346:

A bank's undertaking to pay an exporter on behalf of an importer is a?

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A Documentary credit
B Letter of credit
C Letter of hypothecation
D Bill of exchange

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Question 1347:

Who among the following cannot be regarded as an itinerant trader?

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A Gypsy
B Barrow toy
C Pediar
D Stall owner

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Question 1348:

Who among the following cannot be regarded as an itinerant trader?

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A Gypsy
B Barrow toy
C Pediar
D Stall owner

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Question 1349:

Which of the following will not be considered in choosing a channel of distribution?

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A Nature of product
B Preferences of consumers
C Volume of sales
D Quality of product

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Question 1350:

A manufacturer of goods that are seasonally will be in dire need of a?

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A Wealthy customer
B Suitable means of transport
C Warehouse
D Large shop frontage

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