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 1471: The mode of transporting crude oil to the ports for export purposes is by Options:
  A) tanker
  B) rail
  C) road
  D) pipeline
  Show Answer
  The correct answer is D .
• Question 1472: 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 1473: Sudden technology changes can have the effect of making Options:
  A) a company's management style ineffective
  B) a company's product obsolete
  C) the control menchanism difficult to implement
  D) the motivational factors in the company difficult to monitor
  Show Answer
  The correct answer is B .
• Question 1474: Organizing trade fairs in Nigeria is the responsibility of? Options:
  A) National Directorate of Employment
  B) Federal Ministry of Commerce
  C) trade association
  D) chambers of commerce
  Show Answer
  The correct answer is B .
• Question 1475: The circulating capital of a business enterprise is classified into Options:
  A) Cash, work-in-progress and debtors
  B) Cash, Vehicles, land and building
  C) debtors, stocks of raw materials and fitting
  D) Prepayments, debtors and equipment
  Show Answer
  The correct answer is A .