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Wednesday, 11 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 336:
Which of the following abbreviations permit the drawer of a document to correct any errors therein?
  • A V. A. T
  • B C. I. F
  • C E. O. E
  • D I. O. U
  • E C. W. O
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Question 337:
The most important function of the retailer is to?
  • A Sell goods on credit
  • B Operates on weekends and public holidays
  • C Make goods available in units
  • D Buy from wholesalers
  • E Operate at convenient places
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Question 338:
A trade agreement in which two countries exchange goods and services is known as?
  • A Export trade
  • B Bilateral trade
  • C Multilateral trade
  • D Entrepot trade
  • E Barter trade
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Question 339:
A term embracing buying, selling and distributing of goods and services is known as?
  • A Wholesale trade
  • B Retail trade
  • C Commerce
  • D Market mix
  • E Marketing concept
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Question 340:
UTC, kingsway Stores and Leventis Stores are typical examples of?
  • A Telephone
  • B Recorded delivery
  • C Telex
  • D Express mail
  • E Bill of lading
View Answer & Explanation