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 911:

  Which of these is a document used in International trade?

  Options:
  A) Debit note
  B) Credit note
  C) Invoice
  D) Price ring
  Show Answer
  The correct answer is C .
• Question 912:

  One of the criteria for differenciating consumer markets from industrial ones is the?

  Options:
  A) type of demand
  B) type of supply
  C) nature of service rendered
  D) price of the goods
  Show Answer
  The correct answer is C .
• Question 913: Stimulation of demand is a kind of communication in marketing which connotes? Options:
  A) personal selling
  B) sales promotion
  C) advertising
  D) merchandising
  Show Answer
  The correct answer is C .
• Question 914: Partnerships are most effective where? Options:
  A) the partners are family friends
  B) professionals are involved
  C) members can easily raise enough capital
  D) government regulations are favorable
  Show Answer
  The correct answer is B .
• Question 915: A major advantage of a cooperative society is that it? Options:
  A) gives members the opportunity to unite
  B) draws members closer to government
  C) promotes awareness among members
  D) encourages thirft among members
  Show Answer
  The correct answer is D .
• Question 916: Sources of finance to a business include personal savings, share, debentures and? Options:
  A) loans from IMF
  B) bank overdraft
  C) central bank loans
  D) money from political parties
  Show Answer
  The correct answer is B .
• Question 917: The breaking down of a market into separate and identifiable elements is known as Options:
  A) differentiation
  B) segmentation
  C) skimming
  D) penetration
  Show Answer
  The correct answer is B .
• Question 918: A new company requiring a large amount of equity finance may source funds from the? Options:
  A) capital market
  B) central bank
  C) money market
  D) commercial banks
  Show Answer
  The correct answer is D .
• Question 919:

  The last link in a channel of distribution is the

  Options:
  A) wholesaler
  B) retailer
  C) consumer
  D) agent
  Show Answer
  The correct answer is C .
• Question 920: One major advantage of transportation to a business is to? Options:
  A) extend the firm's market coverage
  B) ensure that goods are produced faster
  C) procure raw materials cheaply
  D) ensure the quality of products
  Show Answer
  The correct answer is A .