1998 WAEC Commerce Past Questions & Answers - page 5

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41
Which of the following defines communication in commerce?

A
Movement of files
B
Transmission of information
C
Movement of people
D
Storing of information

Correct Option: B

No further explanations yet...

42
Contraband goods seized by the Customs and Excise Authority are kept in the

A
ordinary warehouse
B
bonded warehouse
C
public auctioneer's store
D
state warehouse

Correct Option: D

No further explanations yet...

43
Business activities responsible for identifying, anticipating and satisfying customer's requirements profitably are called

A
advertising
B
public relations
C
marketing
D
sales promotion

Correct Option: C

No further explanations yet...

44
Which of the following is a demerit of advertising?

A
Increases per-unit cost of goods
B
Leads to increased profit for producers
C
Provides information for customers
D
Reduces per-unit cost of goods

Correct Option: A

No further explanations yet...

45
Which of the following s a form of public relations?

A
Feature articles
B
Window display
C
Catalogue
D
Transportation and delivery services

Correct Option: A

No further explanations yet...

46
When a firm sets a low price for new product, this is said to be

A
market swimming
B
competitive pricing
C
penetration pricing
D
loss leader pricing

Correct Option: C

No further explanations yet...

47
Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
The #8,000 for the sale is

A
an offer
B
an acceptance
C
a consideration
D
a warranty

Correct Option: C

No further explanations yet...

48
Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
Ola is the

A
offeror
B
offeree
C
acceptor
D
guarantor

Correct Option: A

No further explanations yet...

49
When an acceptance to an offer is conditional, the offer becomes

A
accepted
B
a counter offer
C
valid
D
void

Correct Option: D

No further explanations yet...

50
A mercantile agent having title to goods in his possession is known as

A
factor
B
broker
C
jobber
D
auctioneer

Correct Option: A

No further explanations yet...

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