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 2391: Fluctuations in the supply of goods may be eliminated if the distribution system maintains? Options:
  A) modern technology
  B) a team of retailers
  C) warehouse services
  D) sufficient middlemen
  Show Answer
  The correct answer is A .
• Question 2392: The most effective type of advertising for branded products is Options:
  A) mass advertising
  B) persuasive advertising
  C) informative advertising
  D) competitive advertising
  Show Answer
  The correct answer is C .
• Question 2393: When an industry or company is nationalized, the state becomes Options:
  A) the major shareholder
  B) the mini shareholder
  C) the only shareholder
  D) an equal shareholder with other individuals
  Show Answer
  The correct answer is C .
• Question 2394: Consumer rights include the right to? Options:
  A) credit
  B) free samples of a product
  C) redress
  D) a shre of profits
  Show Answer
  The correct answer is C .
• Question 2395:

  The primary memory component of a computer is the

  Options:
  A) console
  B) cache
  C) compliers
  D) assemblers
  Show Answer
  The correct answer is B .
• Question 2396:

  A business environment that take into consideration the beliefs, attitudes, needs, values and attitudes of the people is_________

  Options:
  A) Economic environment
  B) Technological environment
  C) Political environment
  D) Cultural environment
  Show Answer
  The correct answer is D .
• Question 2397: The mode of transporting crude oil to the ports for export purposes is by Options:
  A) tanker
  B) rail
  C) road
  D) pipeline
  Show Answer
  The correct answer is D .
• Question 2398: The essential utility derived from the use of a product is known as Options:
  A) augmented benefit
  B) branded benefit
  C) core benefit
  D) formal benefit
  Show Answer
  The correct answer is C .
• Question 2399: When it became necessary to liquidate a company, the frist step to be taken is the appointment of Options:
  A) a receiver
  B) an auditor
  C) an accountant
  D) liquidator
  Show Answer
  The correct answer is D .
• Question 2400: International trade takes place as a result of? Options:
  A) uniformity in costs of production
  B) inequitable distribution of natural resources
  C) parity in the level of industrialization
  D) similarities in climate conditions
  Show Answer
  The correct answer is B .