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 71: Good and services are made available to consumers through Options:
  A) the channnel of distribution
  B) sales promotion
  C) the advertising agency
  D) the middle men
  Show Answer
  The correct answer is A .
• Question 72: 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 73: The federal Government made efforts at rendering public enterprises more efficient and profit-oriented through the process of Options:
  A) privatization
  B) commercialization
  C) indigenization
  D) nationalization
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  The correct answer is B .
• Question 74: A major benefit a debtor can derive from using a credit facility is? Options:
  A) better service
  B) goodwill
  C) convenience
  D) control
  Show Answer
  The correct answer is C .
• Question 75: Resources obtained from the extractive sector that are transformed into finished products are examples of? Options:
  A) primary production
  B) tertiary production
  C) direct production
  D) secondary production
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  The correct answer is A .
• Question 76: A trade association consists of members engaged in the same trade while a chamber of commerce is? Options:
  A) highly regulated by agovernent agency
  B) not restricted on a particular industry
  C) made up of members that are registered
  D) made up of firms in the banking industry
  Show Answer
  The correct answer is B .
• Question 77: The business organization in which shareholder's have equal vote is Options:
  A) sole pprietorship
  B) partneeship
  C) co-operative
  D) limited liability company
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  The correct answer is C .
• Question 78: Ordianry warehouse is usually owned and used by Options:
  A) government
  B) agents
  C) retailers
  D) wholesalers
  Show Answer
  The correct answer is D .
• Question 79: The use of vending machines in retailing is hindered in a developing economy owing to? Options:
  A) poor distribution network
  B) low level of education
  C) inffective communication system
  D) lack os steady power supply
  Show Answer
  The correct answer is D .
• Question 80: The location of a business is mostly influenced by? Options:
  A) market outlet
  B) management decision
  C) capital
  D) environment
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  The correct answer is D .