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 221: The label on a product such as 'pampers' is atype of? Options:
  A) trademark
  B) branding
  C) packaging
  D) patent right
  Show Answer
  The correct answer is A .
• Question 222:

  The stock exchange is a market where

  Options:
  A) short-term securities are sold
  B) medium term securities are sold
  C) all types of securities are sold
  D) long term securities are sold
  Show Answer
  The correct answer is C .
• Question 223:

  A document which entitles its holder to the gods named on it, which is stored in a specific warehouse is called________

  Options:
  A) Debit note
  B) Credit note
  C) Warrant
  D) Shipping note
  Show Answer
  The correct answer is C .
• Question 224: Communication is relevant to business activities because it Options:
  A) creates wealth for people
  B) reduces the cost and risk of travelling
  C) connects people
  D) enhances delivery of goods and servicess
  Show Answer
  The correct answer is B .
• Question 225: An oil exploration company is engaged in? Options:
  A) tertiary production
  B) constructive occupation
  C) extractive occupation
  D) secondary production
  Show Answer
  The correct answer is C .
• Question 226: The marketing approach by which a firm carries out detailed analysis of itself, the consumers and its competitors is known as? Options:
  A) market analysis
  B) marketing mix analysis
  C) marketing opportunities analysis
  D) market survey
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  The correct answer is D .
• Question 227:

  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 228:

  The four P's of marketing are also known as

  Options:
  A) marketing mix
  B) product mix
  C) promotion mix
  D) advertising mix
  Show Answer
  The correct answer is A .
• Question 229: An agent employed to sell goods delivered to him by the principal is referred to as a Options:
  A) special agent
  B) del credere agent
  C) factor
  D) universal agent
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  The correct answer is B .
• Question 230:

  

  Use the diagram above to answer this question

  In the communication process, Y represents

  Options:
  A) the encoder
  B) the initiator
  C) noise
  D) the medium
  Show Answer
  The correct answer is D .