Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

The provision of services is classified under

An article used as a means of exchange in the early days of trade in West Africa was

The marketing manager of a shoe factory was in a senior management meeting to convince the board to accept his proposal using television to advertise the company’s products. (a) State four benefits the company would derive from using television to advertise its products. (b) List and explain four other promotional means the company could adopt.

(a) Explain three means of payment in international trade and two means of payment in home trade. (b) Explain five reasons countries engage in international trade.

(a) List Four sources of credit available to a sole trader. (b) Explain the following credit instruments: (i) acceptance credit; (ii) luncheon voucher; (iii) bill of exchange. (c) State two advantages and three disadvantages of hire purchase to the seller.

The diagrams below are computer devices.

(a) Name any eight of the computer devices labelled A – I.

(b) State one use of any six input devices named in 4(a).

(a) Differentiate between a trade association and a chamber of commerce. (b) State four functions of a chamber of commerce (c) State four functions of an employers’ association.

ABC Limited, a textile company and XYZ Limited, a cotton processing company agreed to merge. (a) Identify and explain the type of merger to be formed by the companies. (b) State four reasons that would have necessitated the formation of the merger. (C) List and explain three sources of finance available to the company formed.

In a carpentry workshop of three employees, one is responsible for cutting the wood, another for fixing and a third for polishing and spraying the furniture.

(a) Identify the term that describes the production process the workshop uses.

(b)(i) State five advantages of the production process identified in 1(a) to the workshop. (ii) State four disadvantages of the production process identified in 1(a) to the workshop.

The agreement which led to the formation of the West African Clearing House was signed in

One of the aims of ECOWAS is to

Which of the following is not a function ol management?

An organizational chart of a company shows the

The number of subordinates a head of department supervises is

A disadvantage of privatization is

A requirement for an offer to be valid is that it should be

An agency agreement in which the principal approves the action of his authorized representative is agency by

The purpose of commercialization is to

The act of removing government laws and allowing market forces to determine prices is

The law by which a seller transfers the property in goods to a buyer at an agreed price is the 

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