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.

1,707 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

1,707 questions
Question 1 of 20 1,707 total questions
Question 551
jamb 2007

A major function of an entrepreneur is?

Adecision-making
Bencouraging competition
Chuman-resource training
Dmotivating employees
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Question 552
jamb 2007

Public relations and advertising are similar in terms of?

Acommunicating product information
Bcustomer education
Cthe mode of operation
Dcreating a favorable attitude
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Question 553
jamb 2007

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

Amarketing principles
Bmarketing mix
Cmarketing concepts
Dmarketing functions
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Question 554
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
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Question 555
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
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Question 556
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
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Question 557
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
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Question 558
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
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Question 559
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
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Question 560
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
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Question 561
jamb 2007
Consumers require protection against exploitation to ensure?
Aadequate consumer awareness
Bavailability of products variety
Cthe sale of quality products
Dincreased aggregate demand
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Question 562
jamb 2006

What is the capital employed?

AN 200 000
BN 340 000
CN 170 000
DN 300 000
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Question 563
jamb 2006
In the communication process. Y represents
Athe encoder
Bthe medium
Cthe initator
Dnoise
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Question 564
jamb 2006

X represents

Aaction
Btransmission
Cideation
Dreceiver
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Question 565
jamb 2006
Foreign trade also involves?
Aproviding services for other countries
Bspecialization and the exchange of goods in a country
Cbuying and selling within a country
Dthe exchange of goods and services between firms
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Question 566
jamb 2006
The role of a wholesaler in the channel of distribution is to?
Aproduce goods in large quantities and sell in small quantities
Bbuy goods directly from the manufacturers
Cbuy goods in large quantities and sell in small quantities
Dsell goods directly to the consumers
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Question 567
jamb 2006
In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as?
Acounter trade
Bbalance of trade
Cbalance of payments
Dterms of trade
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Question 568
jamb 2006
The documents used in the purchase and sale of goods which contain other terms of trade are?
Adebit note and credit note
Bdelivery note and advice nopt
Cinvoice and order
Dquotation and invoice
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Question 569
jamb 2006
An objective of the farmers' association is to?
Aensure that the prices of goods are fair and reasonable
Bcorrect the imbalance between consumers and producers
Cimprove the methods of selling and advertising
Dprovide a stable market outlet for farm inputs
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Question 570
jamb 2006
A shop which consist of many stores trading under a single roof and which stocks varieties of goods with each unit having its own head is a?
Amulitple shop
Bsupermarket
Csuperstore
Ddepartmental store
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