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 101:

  The satisfaction of consumer is best explained by

  Options:
  A) Product mix
  B) Marketing concept
  C) marketing mix
  D) market segmentation
  Show Answer
  The correct answer is B .
• Question 102:

  A paid presentation about a product with a view to encouraging purchases by an identifiable sponsor is

  Options:
  A) publicity
  B) personal selling
  C) sales promotion
  D) advertisement
  Show Answer
  The correct answer is D .
• Question 103: An agreement that is enforceable in law is ________? Options:
  A) a contract
  B) an offer
  C) an acceptance
  D) a consideration
  Show Answer
  The correct answer is A .
• Question 104: The difference between trademark and patent right is that the latter? Options:
  A) gives exclusive right to import a particular good
  B) is conferred by the government
  C) confers monopoly on a product
  D) confers exclusive right to publish literary works
  Show Answer
  The correct answer is C .
• Question 105:

  Privatization is

  Options:
  A) Transfer of ownership from individual to government
  B) Transfer of ownership from government to stakeholders
  C) Transfer of ownership from government to individuals
  D) Government taking charge of all businesses
  Show Answer
  The correct answer is C .
• Question 106:

  The act of selling in a foreign market at a price lower than the cost price is called

  Options:
  A) Dumping
  B) hedging
  C) fair trading
  D) under sale
  Show Answer
  The correct answer is A .
• Question 107:

  A doctor who attends to patients at home after his official duty is

  Options:
  A) a direct and indirect service worker
  B) a direct service worker
  C) an indirect service worker
  D) a community developer
  Show Answer
  The correct answer is B .
• Question 108: A market where new shares are tracked is known as Options:
  A) Primary Market
  B) Stock Exchange
  C) Secondary Market
  D) Money Market
  Show Answer
  The correct answer is A .
• Question 109: Resource committees into the production of relatively few commodities is known as Options:
  A) Production
  B) Specialization
  C) Creation manufacturing
  D) Manufacturing
  Show Answer
  The correct answer is B .
• Question 110: In a typical manufacturing enterprises, the line function is performed by the Options:
  A) Public relations department
  B) Marketing Department
  C) Estate or Properties Department
  D) legal Department.
  Show Answer
  The correct answer is B .