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 1171: The main concern of marketing concept is to? Options:
  A) reduce the number of retail outlets
  B) identify consumer needs and satisfy them
  C) increase sales to meet consumers needs
  D) encourage division of labour
  Show Answer
  The correct answer is B .
• Question 1172: The most effective type of advertising for branded product is? Options:
  A) direct advertising
  B) Indirect advertising
  C) informative advertising
  D) competitive advertising
  Show Answer
  The correct answer is D .
• Question 1173:

  A printer that burns the print image into the photosensitive drum is called?

  Options:
  A) dot matrix printer
  B) laser printer
  C) daisy wheel printer
  D) thermal printer
  Show Answer
  The correct answer is B .
• Question 1174: A demonstration of social responsibility by a business is the payment of _______ Options:
  A) taxes to government
  B) dividends to shareholder
  C) interest on loans
  D) premium on insurance
  Show Answer
  The correct answer is A .
• Question 1175: In response to an inquiry from a customer, a wholesaler is expected to send back Options:
  A) a consignment note
  B) an order
  C) a qoutation
  D) an advice note
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  The correct answer is C .
• Question 1176: Which of the following best described the scope of commerce Options:
  A) All forms of commercial exchanges relating to industry
  B) Buying and selling and the construction industry
  C) All occupational exchanges relating to industries and commercial activities
  D) Buying and selling as well as the extraction of natural resources
  Show Answer
  The correct answer is C .
• Question 1177:

  Payment made to a carrier for transportation of goods is

  Options:
  A) freight
  B) fee
  C) fare
  D) duty
  Show Answer
  The correct answer is A .
• Question 1178: The payment for direct service is usually made by the Options:
  A) local authority
  B) community
  C) government
  D) individual
  Show Answer
  The correct answer is D .
• Question 1179: A body established to protect the interest of members against the exploitation of retail traders and manufacturers is the? Options:
  A) whloesalers' association
  B) consumers association
  C) government agency
  D) workers' union
  Show Answer
  The correct answer is B .
• Question 1180: The major participants in the stock market when stock prices are rising generally are the? Options:
  A) bulls
  B) registrars
  C) bears
  D) companies
  Show Answer
  The correct answer is A .