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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1541:

(a) State six facilities a good seaport should have.
(b) In what four ways is transport important to commerce?

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Question 1542:

Commerce can be defined as the

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A Exchange of goods and services
B Distribution and exchange of goods and services
C Distribution of services at home
D Export of services

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Question 1543:

Commerce can be defined as the

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A Exchange of goods and services
B Distribution and exchange of goods and services
C Distribution of services at home
D Export of services

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Question 1544:

Which of the following is not a function of commerce?

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A Facilitates mass production of goods
B Assists in raising capital
C Creates goods and services
D Offers employment

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Question 1545:

Production is defined as

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A An industrial activity
B Creation of utilities
C The exchange of goods and services
D Changing of raw materials into finished goods

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