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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1956:
Dividing the market for a product according to potential buyers who have common characteristics is?
  • A Market analysis
  • B Market penetration
  • C Market segmentation
  • D Market research
View Answer & Explanation
Question 1957:
Which of the following aids to trade facilitates production ahead of demand
  • A Insurance
  • B Transport
  • C Advertising
  • D Warehousing
View Answer & Explanation
Question 1958:
When a government acquires business enterprises formerly owned by individuals, it is termed?
  • A Commercialization
  • B Indigenization
  • C Privatization
  • D Nationalization
View Answer & Explanation
Question 1959:
How many countries make up the River Niger Basin commission
  • A 16
  • B 12
  • C 10
  • D 9
View Answer & Explanation
Question 1960:
Which of the following means of payment makes the bank both the drawer and drawee
  • A Standing order
  • B Bill of exchange
  • C Bank draft
  • D Open cheque
View Answer & Explanation