Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 2281:

  A two-way process which involves sending and receiving of messages is referred to as__________

  Options:
  A) Advertisement
  B) Communication
  C) Marketing
  D) Transportation
  Show Answer
  The correct answer is B .
• Question 2282: The pivot on the wheel of commerce rotates is Options:
  A) tariff
  B) trade
  C) taxation
  D) price
  Show Answer
  The correct answer is B .
• Question 2283: A business that focuses attention on the quality of the goods produced by precisely knowing what the consumers desire is said to be operation the Options:
  A) product mix
  B) promotion mix
  C) marketing concept
  D) product orientation.
  Show Answer
  The correct answer is C .
• Question 2284:

  The creation of goods and services to satisfy human wants is referred to as

  Options:
  A) manufacturing
  B) commercialization
  C) production
  D) entrepreneurship
  Show Answer
  The correct answer is C .
• Question 2285:

  All except one is not a corporation and boards at the federal level

  Options:
  A) FRCN
  B) NNPC
  C) CBN
  D) MAN
  Show Answer
  The correct answer is D .
• Question 2286:

  The board of directors of public enterprise is appointed by who?

  Options:
  A) government
  B) management
  C) employees
  D) shareholders
  Show Answer
  The correct answer is A .
• Question 2287: Discounts offered by firms to middlemen for bulk purchases are? Options:
  A) trade discounts
  B) sales bonanza
  C) cash discounts
  D) seasonal discount
  Show Answer
  The correct answer is A .
• Question 2288: Which of the following can be used to differentiate skilled and unskilled labour? Options:
  A) Education and traning
  B) Available resources
  C) Level of commitment
  D) Salaries and wages
  Show Answer
  The correct answer is A .
• Question 2289: The major problem encountered in international trade is that of Options:
  A) distance
  B) differences in culture
  C) politics
  D) differences in currency
  Show Answer
  The correct answer is D .
• Question 2290: Stimulation of demand is a kind of communication in marketing which connotes? Options:
  A) personal selling
  B) sales promotion
  C) advertising
  D) merchandising
  Show Answer
  The correct answer is C .