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: The physical and psychological satisfaction a customer derives from the purchase of goods and services is Options:
  A) price mix
  B) product mix
  C) marketing mix
  D) promotion mix
  Show Answer
  The correct answer is C .
• Question 72:

  

  The capital owned is

  Options:
  A) ₦2,740
  B) ₦1,350
  C) ₦1,150
  D) ₦570
  Show Answer
  The correct answer is D .
• Question 73: A major function of a entrepreneur is? Options:
  A) decision-making
  B) encouraging competition
  C) human-resource traning
  D) motivating employees
  Show Answer
  The correct answer is A .
• Question 74: The deliberate and sustained efforts of an organization towards the creation of goodwill for its products and services is through? Options:
  A) public relations
  B) advertising
  C) sales promotion
  D) rebranding
  Show Answer
  The correct answer is A .
• Question 75: The business environment that takes into cognizance the age distribution, ethnic mix and educational level of the consumer is? Options:
  A) demographic evironment
  B) economic evironment
  C) cultural environment
  D) natural environment
  Show Answer
  The correct answer is A .
• Question 76: Which of the following is not a veritable source of funds to a public limited company? Options:
  A) government financial grant
  B) advances and loan from banks
  C) internally generated funds
  D) funds from the sale of shares
  Show Answer
  The correct answer is A .
• Question 77: Kamaldeen is a seller in a hire-purchase agreement with Emeka. By law, Kamaldeen cannot recover the hire purchased goods. This is an instance of a restriction on Options:
  A) Emeka's right to terminate the agreement
  B) Kamaldeen's right to re-hire the Goods
  C) Emeka's right to breach the agreement
  D) Kamaldeen's right to terminate the agreement
  Show Answer
  The correct answer is B .
• Question 78: Which of the following industries is normally located near the source of its raw materials? Options:
  A) Footware industry
  B) Cement industry
  C) Textile industry
  D) Automobile assembly
  Show Answer
  The correct answer is B .
• Question 79: The development of a continer and a graphic design for a product is called? Options:
  A) packaging
  B) promotion
  C) processing
  D) production
  Show Answer
  The correct answer is A .
• Question 80: The process whereby a firm directs its marketing efforts towards a single market by the use of a particular marketing mix isreferred to as Options:
  A) concentration segmentation
  B) market concept
  C) consumer orientation
  D) market penetration
  Show Answer
  The correct answer is D .