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.

4,313 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

4,313 questions
Question 1 of 20 4,313 total questions
Question 1061
jamb 2007

An economic activity which deals with natural resources is a form of?

Aextraction
Brefining
Cconstruction
Dmanufacturing
View Explanation & Discuss
Question 1062
jamb 2007
A major criticism of a cooperative society is?
Alimited capital
Bgranting exceessive loans to members
Cselling goods on credit to non-members
Dmanagement incompetence
View Explanation & Discuss
Question 1063
jamb 2007

The creation of utilities is to satisfy human wants is referred to as?

Aproduction
Bconsumption
Cindustrialization
Doccupation
View Explanation & Discuss
Question 1064
jamb 2007

A document which advertise the shares of a company is known as a?

Amemorandum of satisfaction
Bdividend warrant
Cdeed
Dprospectus
View Explanation & Discuss
Question 1065
jamb 2007
Law-making is an example of?
Aindirect service
Bcommerical occupation
Cdirect service
Dindustrial occupation
View Explanation & Discuss
Question 1066
jamb 2007

The making of doors from timber planks is a type of?

Amanufacturing
Btertiary production
Csecondary production
Dprimary production
View Explanation & Discuss
Question 1067
jamb 2007
A major advantage of a cooperative society is that it?
Agives members the opportunity to unite
Bdraws members closer to government
Cpromotes awareness among members
Dencourages thirft among members
View Explanation & Discuss
Question 1068
jamb 2007

The sustainable growth of commerce is largely due to?

Amarketing
Badvertising
Cexchange
Dbranding
View Explanation & Discuss
Question 1069
jamb 2007

A Memorandum of Association is applicable to a?

Asole trader
Bjoint company
Cpartnership
Dpublic corporation
View Explanation & Discuss
Question 1070
jamb 2007

A major function of an entrepreneur is?

Adecision-making
Bencouraging competition
Chuman-resource training
Dmotivating employees
View Explanation & Discuss
Question 1071
jamb 2007

Public relations and advertising are similar in terms of?

Acommunicating product information
Bcustomer education
Cthe mode of operation
Dcreating a favorable attitude
View Explanation & Discuss
Question 1072
jamb 2007

The controllable variables that a firm uses to achieve its marketing objectives are called?

Amarketing principles
Bmarketing mix
Cmarketing concepts
Dmarketing functions
View Explanation & Discuss
Question 1073
jamb 2007
Personal selling is most effective in marketing industrial goods because it involves?
Arecongnition and attachment to customers
Bpersonal interaction and information gathering
Cdemonstrations and product acceptability
Dafter-sales services and product demonstrations
View Explanation & Discuss
Question 1074
jamb 2007

The macro-environment forces and trends which are a constraint on business operations are referred to as?

Atechnological factors
Bartificial factors
Cexternal factors
Dinternal factors
View Explanation & Discuss
Question 1075
jamb 2007

An announcement of a person's willingness to enter into a contract is referred to as?

Aa proxy
Ban offer
Ca consideration
Dan acceptance
View Explanation & Discuss
Question 1076
jamb 2007
The major achievement of ECOWAS is?
Athe expansion of regional trade
Bthe emergance of a monetary union
Cinfrastructural development in member countries
Dmobility of labour among member countries
View Explanation & Discuss
Question 1077
jamb 2007

Citizens are against privatization mainly because of?

Athe rationalization of organizations
Bincreased prices of goods and services
Cthe likelihood of monopoly
Dineffective management
View Explanation & Discuss
Question 1078
jamb 2007

An agent who takes tittle to goods and has authority to buy and sell on behalf of another is?

Aa jobber
Ba broker
Ca factor
Dan auctioneer
View Explanation & Discuss
Question 1079
jamb 2007

The business environment that takes into cognizance the age distribution, ethnic mix and educational level of the consumer is?

Ademographic evironment
Beconomic evironment
Ccultural environment
Dnatural environment
View Explanation & Discuss
Question 1080
jamb 2007
Consumers require protection against exploitation to ensure?
Aadequate consumer awareness
Bavailability of products variety
Cthe sale of quality products
Dincreased aggregate demand
View Explanation & Discuss
Question Navigator
Current
MathsFaculty