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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1811:
The buyer in a hire purchase contract becomes the legal owner of the goods by paying
  • A Initial deposit
  • B The last installment
  • C Half of the purchase price
  • D Two-third of the purchase price
View Answer & Explanation
Question 1812:
The document which helps in ascertaining the correct value of imports in order to assess the custom duty is
  • A Bill of lading
  • B Consular invoice
  • C Bill of sight
  • D Ships manifest
View Answer & Explanation
Question 1813:
The combination of product, price, promotion and distribution decisions employed by a company is referred to as
  • A Pricing policy
  • B Marketing mix
  • C Product mix
  • D Marketing concept
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Question 1814:
The document which specifies the manufacturer from whom goods are to be imported is
  • A Closed indent
  • B Open indent
  • C Export invoice
  • D Consignment note
View Answer & Explanation
Question 1815:
Who among the following generally has no capacity to enter into a valid contract
  • A School principals
  • B Infants
  • C Agents
  • D Religious ministers
View Answer & Explanation