Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

106

Turnover may be increased by?

  • A. increasing prices and product differentiation
  • B. advertising and cutting prices
  • C. refusing credits and customer services
  • D. increasing the mark-up
  • E. stocking very expensive goods
View Answer & Discuss WAEC 1991
107

In which of the following classes of occupation would you place a commerce teacher?

  • A. Commercial
  • B. Extractive
  • C. Direct service
  • D. Manufacturing
  • E. Construction
View Answer & Discuss WAEC 1991
108

Which of the following is concerned with obtaining raw materials from their natural locations?

  • A. Extractive industry
  • B. Manufacturing industry
  • C. Construction industry
  • D. Transport industry
  • E. Engineering industry
View Answer & Discuss WAEC 1991
109

Commerce developed as a result of?

  • A. speculation
  • B. competition
  • C. specialization
  • D. importation
  • E. exportation
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110

The sole purpose of production is?

  • A. employment
  • B. promotion
  • C. consumption
  • D. competition
  • E. enterprising
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111

The major divisions of commerce are?

  • A. import, export and banking
  • B. home trade and foreign trade
  • C. trade and aids to trade
  • D. exchange, consumption and production
  • E. trade and banking
View Answer & Discuss WAEC 1991
112

The tendency for firms and individuals to concentrate on the activity which is of most advantage of them is known as?

  • A. decentralization
  • B. diversification
  • C. commercialization
  • D. specialization
  • E. rationalization
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113

Which of the following is a commercial service?

  • A. Transporting
  • B. Garri processing
  • C. Oil drilling
  • D. Lumbering
  • E. Tailoring
View Answer & Discuss WAEC 1991