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 351: Goods that are manufactured or acquired by the seller after the contract of sale are? Options:
  A) specialty goods
  B) future goods
  C) specific goods
  D) general goods
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  The correct answer is C .
• Question 352:

  

  Use the information Above to answer this question.

  What is the current ratio?

  Options:
  A) 4:1
  B) 4.5:1
  C) 5:1
  D) 25.5:1
  Show Answer
  The correct answer is C .
• Question 353: 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
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  The correct answer is B .
• Question 354: One of the characteristics of a good organizational chart is that it should Options:
  A) be rigid
  B) show government policy
  C) facilitate communication
  D) be acceptable
  Show Answer
  The correct answer is C .
• Question 355:

  One advantage of small scale retail outlets is

  Options:
  A) availability of self service facilities
  B) ability to buy in bulk
  C) easy acess to large amount of capital
  D) personal attention to customers
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  The correct answer is D .
• Question 356:

  Taking a new product to a particular part of the country to test the reaction of consumers to the product is referred to as?

  Options:
  A) sales promotion
  B) sampling
  C) merchandising
  D) advertising
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  The correct answer is A .
• Question 357: Inbound tourism occurs when Options:
  A) non-resident s of a country travel within it.
  B) non- resident of a country travel to other countries
  C) resident of a country travel within it
  D) Residents of a country travel to other countries.
  Show Answer
  The correct answer is C .
• Question 358: The macro-environment forces and trends which are a constraint on business operations are referred to as? Options:
  A) technological factors
  B) economic factors
  C) external factors
  D) internal factors
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  The correct answer is A .
• Question 359:

  The last link in a channel of distribution is the

  Options:
  A) wholesaler
  B) retailer
  C) consumer
  D) agent
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  The correct answer is C .
• Question 360: The production process that combines two or more raw materials into one end product is Options:
  A) conditioning
  B) blending
  C) merging
  D) synthesis
  Show Answer
  The correct answer is B .