Commerce Past Questions

Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

50 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Past Questions

50 questions
Question 1 of 20 50 total questions
Question 1
waec 2025

One of the aims of ECOWAS is to

Aprovide a market for stocks and shares
Bcreate a common transport policy.
Cfoster exchange of goods and services
Dhave a common political system
View Explanation & Discuss
Question 2
waec 2025

The concept of determining the objectives of a business and stating how they can be actualized is

Aorganizing
Bmotivating
Cdirecting
Dplanning
View Explanation & Discuss
Question 3
waec 2025

An inventor of a new machine for canning tomatoes can protect his product by

Aobtaining a trade mark
Bobtaining a patent
Cchoosing a brand name
Dlabeling the product
View Explanation & Discuss
Question 4
waec 2025

An objective of the European Union is to

Aeliminate tariffs and quotas among member countries
Beliminate drug addiction in member countries
Cfight against child abuse in developing countries
D
View Explanation & Discuss
Question 5
waec 2025

The income generated from tourism forms part of the country's

Ainvisible exports
Bvisible exports
Cvisible imports
Dinvisible imports
View Explanation & Discuss
Question 6
waec 2025

Trade fairs and exhibitions are media of

A

market segmentation

B

market research

C

customer service

sales promotion

Explanation
Topic: AIDS TO TRADE: ADVERTISING : TYPES AND MEDIA
Difficulty Level: Intermediate
Trade fairs and exhibitions are media of sales promotion. They are used by companies to introduce new products, attract
potential customers, and to get feedback from the market. They are a promotional strategy where goods and services are
displayed for the attendees to see and buy.

Asales promotion
Bmarket segmentation
Ccustomer service
D
View Explanation & Discuss
Question 7
waec 2025

The practice of making a state firm more profit-oriented is

Acommercialization
Bderegulation
Cprivatization
Dnationalization
View Explanation & Discuss
Question 8
waec 2025

The act of placing goods in glass shields in front of shops to attract passers by is

Apersonal selling
Bsales promotion
Cwindow display
Dtrade fair
View Explanation & Discuss
Question 9
waec 2025

A disadvantage of privatization is that

Athere is inefficiency in the supply of goods
Bthe existence of monopoly is high
Cthe profit motive outweighs public interest
Dthere is reduction in the quality of goods
View Explanation & Discuss
Question 10
waec 2025

The saying that the 'consumer is always right' describes the doctrine of

Aconsumer sovereignty
Bcaveat emptor
Cproximate cause
Dconsumer protection
View Explanation & Discuss
Question 11
waec 2025

Which of the following is responsible for protecting consumers against poor quality goods?

ATrade associations
BManufacturers association
CIndustrial tribunals
DStandard organizations
View Explanation & Discuss
Question 12
waec 2025

One of the roles performed by middle managers is

Areview of master plans, programmes and budgets
Breview and appraisal of operational results
Cformulation of objectives and strategies
Dimplementation of organizational plans and objectives
View Explanation & Discuss
Question 13
waec 2025

The transfer of a government company to the public is

Aderegulation
Blocalization
Ccommercialization
Dprivatization
View Explanation & Discuss
Question 14
waec 2025

A person who is employed for the purpose of bringing his principal into contractual relationship with the third parties is

Aa merchant
Ba consignee
Ca consignor
Dan agent
View Explanation & Discuss
Question 15
waec 2025

The main idea of the marketing concepts is that all the firm's plans and operations should be

Aprice oriented
Bcompany oriented
Cproduct oriented
Dconsumer oriented
View Explanation & Discuss
Question 16
waec 2025

An advertising campaign by a chicken seller designed to sell his products at the expense of a beef seller is

Acompetitive
Bdirect
Cpersuasive
Dinformative
View Explanation & Discuss
Question 17
waec 2025

Bonded warehouses are supervised by

Aclearing and forwarding agents
Bimmigration officers
Cports authorities
Dcustoms and excise authorities
View Explanation & Discuss
Question 18
waec 2025

Which of the following instruments of payment could be used in international trade?

APromissory note
BI.O.U.
CPostal order
DBill of exchange
View Explanation & Discuss
Question 19
waec 2025

One of the qualities of tradable goods is

Aperishability
Bheterogeneity
Cdivisibility
Dhomogeneity
View Explanation & Discuss
Question 20
waec 2025

Which of the following business risks would an insurance firm not cover for an entrepreneur?

ALoss of goods in transit
BChange in consumers' taste
CTheft
DFire
View Explanation & Discuss
Question Navigator
Current
MathsFaculty