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 11: Personal selling is most effective in marketing industrial goods because it involves? Options:
  A) recongnition and attachment to customers
  B) personal interaction and information gathering
  C) demonstrations and product acceptability
  D) after-sales services and product demonstrations
  Show Answer
  The correct answer is B .
• Question 12: The service of a textile worker are an example of? Options:
  A) extractive activity
  B) commercial activity
  C) manufacturing
  D) construction
  Show Answer
  The correct answer is C .
• Question 13: Factoring is a trade debt term used when the agent buys all the trade debts of the Options:
  A) importers
  B) exporters
  C) nation
  D) customers
  Show Answer
  The correct answer is B .
• Question 14: The rewards of rents, wages, interests and profits accrue from? Options:
  A) capital, labour, land and enterpreneur respectively
  B) land, enterpreneur,labour and capital respectively
  C) land, lbour, capital and enterpreneur respectively
  D) labour, enterpreneur, land and capital respectively
  Show Answer
  The correct answer is C .
• Question 15: Berne union is also known as Options:
  A) International Credit Union
  B) International Documentry Credit
  C) International Union of Credit and Investment Insurers
  D) export Credit Guarantee Scheme
  Show Answer
  The correct answer is C .
• Question 16: What is the reward accruable to land? Options:
  A) Rent
  B) profits
  C) wages
  D) Interest
  Show Answer
  The correct answer is A .
• Question 17: Musa obtains wool from his sheep, spins and transforms it into cloth which he sells to consumers. This is a form of Options:
  A) vertical integration
  B) horizontal integration
  C) forward intergration
  D) backward integration
  Show Answer
  The correct answer is A .
• Question 18: The computer that functions by taking discrete numbers and performing mathematical calculations is called? Options:
  A) mainframe
  B) digital
  C) hybride
  D) analogue
  Show Answer
  The correct answer is C .
• Question 19: The current trend in retailing competition in Nigeria are? Options:
  A) advertising and sales promotion strategies
  B) branding, enterprising and diffrentiation of goods and services
  C) self-service, after-sales service and services and branding strategies
  D) after-sales services and sales promotion strategies
  Show Answer
  The correct answer is A .
• Question 20: A distinguishing characteristic of labour is that it is Options:
  A) constant
  B) expensive
  C) mobile
  D) cost
  Show Answer
  The correct answer is C .