Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 91: The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is Options:
  A) target return pricing
  B) market skimming
  C) variable pricing
  D) market penetration
  Show Answer
  The correct answer is B .
• Question 92:

  Given:

  Sales...........................N15 000

  Opening stock...................N5 600

  Purchases.......................N9 700

  Closing stock...................N4 400

  Gross profit....................N4 500

  Net profit......................N2 200

  From the data above, calculate the rate of turnover?

  Options:
  A) 3:50 times
  B) 3:00 times
  C) 2:00 times
  D) 2:18 times
  Show Answer
  The correct answer is D .
• Question 93: Awarding scholarships and sponsoring sports by a business organization are example of? Options:
  A) advertising strategy
  B) economic responsibility
  C) marketing strategy
  D) social responsibility
  Show Answer
  The correct answer is D .
• Question 94: The members of ECOWAS include? Options:
  A) Nigeria, Chad, Gabon and Cape Verde
  B) Burkina Faso, Nigeria and Ghana
  C) Guinea, Mali, Cameroun and Nigeria
  D) Togo, Niger, Nigeria and Ghana
  Show Answer
  The correct answer is D .
• Question 95:

  A public company has 2 000 000 ordinary shares of 50k each and offers 50% for subscription at N2 per share.

  If the shares were fully subscribed, calculate the issued capital?

  Options:
  A) N4 000 000
  B) N2 000 000
  C) N1 000 000
  D) 500 000
  Show Answer
  The correct answer is D .
• Question 96:

  The document with which a manufacturing enterprises releases stock of raw materials to the factory for product is called?

  Options:
  A) stock releases form
  B) goods received note
  C) stock issues voucher
  D) materials release note
  Show Answer
  The correct answer is C .
• Question 97: A pattern that shows the kinds of participants involved in the production, distribution and ultimate use of a product is referred to as? Options:
  A) selection
  B) strategy
  C) structure
  D) synergy
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  The correct answer is C .
• Question 98:

  The communication aspect of the marketing mix is

  Options:
  A) Price
  B) Promotion
  C) Place
  D) Product
  Show Answer
  The correct answer is B .
• Question 99: One of the functions of a retailer is the? Options:
  A) financing of production activities
  B) provision of credit facilities to relations
  C) provision of jobs for customers
  D) breaking of bulk
  Show Answer
  The correct answer is D .
• Question 100: A business whose owners enjoys loan facilities on the basis of personal goodwill is a? Options:
  A) commercial bank
  B) thrift society
  C) co-operative society
  D) community bank
  Show Answer
  The correct answer is B .