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 1101: A seller attracts and retains patronage by? Options:
  A) enhancing public relationship
  B) enhance sales promotion
  C) rendering pre-sales services
  D) rendering customer service
  Show Answer
  The correct answer is C .
• Question 1102: The business environment that takes into cognizance the age distribution, ethnic mix and educational level of the consumer is? Options:
  A) demographic evironment
  B) economic evironment
  C) cultural environment
  D) natural environment
  Show Answer
  The correct answer is A .
• Question 1103: One of the disadvantages of a sole proprietorship is? Options:
  A) secrecy of annual reports
  B) pride of ownership
  C) limited liability
  D) unlimited liability
  Show Answer
  The correct answer is D .
• Question 1104: The activities of consumers association in Nigeria have not been effective because Options:
  A) the consumers are too many
  B) the government is not favourabley dispose towards consumerism
  C) there is poor enlightenment about consumer rights
  D) the consumers have no medium for expressing their feelings
  Show Answer
  The correct answer is D .
• Question 1105: The major achievement of ECOWAS is? Options:
  A) the expansion of regional trade
  B) the emergance of a monetary union
  C) infrastructural development in member countries
  D) mobility of labour among member countries
  Show Answer
  The correct answer is A .
• Question 1106:

  The main objective of a trade association is to

  Options:
  A) protect its members against litigation
  B) protect its members against victimization
  C) boost the trade of its members
  D) secure credit for its members
  Show Answer
  The correct answer is B .
• Question 1107: The most effective type of advertising for branded products is Options:
  A) mass advertising
  B) persuasive advertising
  C) informative advertising
  D) competitive advertising
  Show Answer
  The correct answer is C .
• Question 1108: An important issue for consideration in the product element of the marketing mix is the? Options:
  A) adequate of the peroduct
  B) channel of diistribution of the product
  C) price of the product
  D) planing and development of the product
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  The correct answer is D .
• Question 1109: Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cum. div. This means that Aliyu Options:
  A) is entitled always to a cumulative dividends accruing from the shares
  B) is entitled to the next dividends due to the shares
  C) will not be entitled to the next dividends due to the shares
  D) still owes N3 on the shares which will be subtracted from the dividends
  Show Answer
  The correct answer is B .
• Question 1110: The three components of a country's balance of payments are? Options:
  A) current account, capital account and monetary movement account
  B) capital account, trade account and business record
  C) sales account, profit and loss account and capital account
  D) monetary movement account, trade account and sales ledger
  Show Answer
  The correct answer is A .