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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1506:
Which of the following is a function of the small retailer?
  • A Financing manufactures
  • B Warehouse of goods
  • C Branding of goods
  • D Selling to consumers
View Answer & Explanation
Question 1507:
The content of a bill of lading does not include the
  • A Name of the shipper
  • B Date and place of shipment
  • C Name and destination of the vessel
  • D Demurrage payable
View Answer & Explanation
Question 1508:
Who is responsible for the payment of the bill in a documentary credit
  • A Exporter
  • B Importer
  • C Importer's bank
  • D Exporter's bank
View Answer & Explanation
Question 1509:
A popular product priced low to attract a larger number of buyers to a shop is called
  • A Loss leader
  • B Capital good
  • C Seasonal good
  • D Price ring
View Answer & Explanation
Question 1510:
Centralized buying and decentralized selling are features of
  • A Cooperative wholesalers
  • B Department stores
  • C Mail order business
  • D Multiple stores
View Answer & Explanation