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 1141:

  The marketing concept emphasizes

  Options:
  A) sales of goods directly to customers
  B) use of promotional tools to stimulate sale
  C) mass production of goods
  D) consumer's satisfaction at a profit
  Show Answer
  The correct answer is D .
• Question 1142: Gilt-edged securities are issued mainly by Options:
  A) individuals
  B) non-governmental organisations
  C) Government
  D) multi-national companies
  Show Answer
  The correct answer is C .
• Question 1143:

  Use the conversion below to answer question 7 and 8

  MUSA: Taiwo why are you in business?

  TAIWO: To optimized profit, provide quality

  Product and discharge my social

  Responsibilities. What of you, Okon

  And Kalu

  OKON: I am in business to cater for the

  Need of the consumers at all costs.

  KALU: I am in business to make profit,

  Provided quality product

  At reasonable prices

  And establish a good

  Reputation for myself.

  Options:
  A) Musa
  B) Okon
  C) Taiwo
  D) Kalu
  Show Answer
  The correct answer is D .
• Question 1144: The function which ensures that set objectives are attained by an organization is? Options:
  A) planning
  B) directing
  C) staffing
  D) controlling
  Show Answer
  The correct answer is D .
• Question 1145:

  Any information about a manufacturer or his product that appears in any medium on a non-paid basis is known as

  Options:
  A) Sales Promotion
  B) Personal Selling
  C) Advertising
  D) Publicity
  Show Answer
  The correct answer is D .
• Question 1146: Which of the following is a form of sales promotion Options:
  A) advertising on radio
  B) offering free sample
  C) distributing printed materials
  D) advertising on television
  Show Answer
  The correct answer is B .
• Question 1147: The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is? Options:
  A) rejuvenation
  B) focus
  C) diversification
  D) consolidation
  Show Answer
  The correct answer is C .
• Question 1148: The four Ps of marketing are? Options:
  A) product, place , process and promotion
  B) price, product, properrty and place
  C) price, product, place and promotion
  D) price, production , place and property
  Show Answer
  The correct answer is C .
• Question 1149:

  An article used as a means of exchange in the early days of trade in West Africa was

  Options:
  A) cedis
  B) cowrie
  C) dalasi
  D) naira
  Show Answer
  The correct answer is B .
• Question 1150: A factor in a business environment which increases the rate of product obsolescence is? Options:
  A) technology
  B) political
  C) legal
  D) economic
  Show Answer
  The correct answer is A .