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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1816:
The satisfaction of customers in all business activities is emphasized by
  • A Market research
  • B Marketing concept
  • C Marketing mix
  • D Product differentiation
View Answer & Explanation
Question 1817:
The document which is used when a country imposes ad valorem duties is
  • A Bill of lading
  • B Consular invoice
  • C Certificate of origin
  • D Open indent
View Answer & Explanation
Question 1818:
An activity involving buying, selling, distribution of goods and services is known as
  • A Trade
  • B Marketing mix
  • C Exchange
  • D Commerce
View Answer & Explanation
Question 1819:
Which of the following arrangement of documents is the correct sequence as used in the retail trade? i. Quotation ii. Enquiry iii.Order iv Invoice
  • A I,ii,iii,iv
  • B Ii,i,iii,iv
  • C I,iv,iii only
  • D I,iii,iv only
View Answer & Explanation
Question 1820:
Mr Lou who assured his life with XYZ Assurance Company, was involved in an accident and had a broken leg; the sum of #80,000 was paid to Mr Lou for his broken leg. The money received is known as
  • A Compensation
  • B Commission
  • C Premium
  • D Indemnity
View Answer & Explanation