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 421: The forum for the selling and of buying of securities of small and medium companies is called Options:
  A) Second Tier Foreign Exchange Market
  B) Foreign Exchange Market
  C) Securities and Exchange Commission
  D) Second Tier Securities
  Show Answer
  The correct answer is A .
• Question 422: The protection of consumers against exploitation by manufacturers is to ensure? Options:
  A) thaty there are varieties of product
  B) that the right quality of goods and services is sold
  C) increase in production capacity
  D) increase in the level of consumers awareness
  Show Answer
  The correct answer is B .
• Question 423: The sustainable growth of commerce is largely due to? Options:
  A) marketing
  B) advertising
  C) exchange
  D) branding
  Show Answer
  The correct answer is B .
• Question 424:

  Which of the following is not a component of the marketing mix?

  Options:
  A) product
  B) production
  C) promotion
  D) place
  Show Answer
  The correct answer is B .
• Question 425: The oral presentation iv a conversation with one or more prospective buyers for the purpose of making sales is Options:
  A) branding of goods
  B) personal selling
  C) packaging
  D) publicity
  Show Answer
  The correct answer is B .
• Question 426: When old customers stick to the old place to buy goods and services,it is known as Options:
  A) goodwil
  B) personal factor
  C) window shopping
  D) patronage
  Show Answer
  The correct answer is A .
• Question 427: The business unit that applies the principle of one man, one vote is ______ Options:
  A) sole proprietorship
  B) partnership
  C) public company
  D) co-operative society
  Show Answer
  The correct answer is D .
• Question 428:

  Use the following information to answer this question.

  Oladosu Bookshop

  54, Ahmadu Bello Way

  Kaduna

  P.O.BOOX 336

  6 January 1989

  Olu Stationery ltd

  17, Kakawa Street

  Lagos

  Dear Sir,

  We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.

  Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.

  Yours Faithfully

  Manager.

  The above represents?

  Options:
  A) A quotation
  B) Consignment notes
  C) Letters of Inquiry
  D) An order form
  Show Answer
  The correct answer is C .
• Question 429: What is the most important use of promotion in marketing? Options:
  A) Persuasion
  B) Conviction
  C) Information
  D) Education
  Show Answer
  The correct answer is C .
• Question 430: 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 .