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 2821: In the Nigerian GSM industry,a parliament is organized by the Nigerian Communications Commission in order to Options:
  A) increase profit of service providers
  B) protect the interest of government
  C) encourage more people into the business
  D) protect the interest of consumers
  Show Answer
  The correct answer is D .
• Question 2822: An acquired firm in a merger will always receive a? Options:
  A) premium
  B) grant
  C) share
  D) discount
  Show Answer
  The correct answer is C .
• Question 2823: An announcement of a person's willingness to enter into a contract is referred to as? Options:
  A) a proxy
  B) an offer
  C) a consideration
  D) an acceptance
  Show Answer
  The correct answer is B .
• Question 2824: The oral presentation iv a conversation with one or more prospective buyers for the purpose of making sales is Options:
  A) branding of goods
  B) personal selling
  C) packaging
  D) publicity
  Show Answer
  The correct answer is B .
• Question 2825: A firm that adapts itself to delivering the desired satisfaction more effectively than its competitors is said to be practicing? Options:
  A) price concept
  B) distribution concept
  C) product concept
  D) markting concept
  Show Answer
  The correct answer is D .
• Question 2826:

  The effects of devaluation includes all except

  Options:
  A) expansion of local industries
  B) increase in import
  C) increase in standard of living
  D) exports become cheaper
  Show Answer
  The correct answer is C .
• Question 2827: A firm that disposes its wastes properly is discharging its? Options:
  A) community responsibility
  B) evironmental responsibility
  C) civic responsibility
  D) social responsibility
  Show Answer
  The correct answer is B .
• Question 2828:

  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 2829:

  The activity which entails buying of goods in bulk and selling in small quantities to retailers is

  Options:
  A) wholesaling
  B) retailing
  C) merchandising
  D) assembling
  Show Answer
  The correct answer is A .
• Question 2830: The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a Options:
  A) consular invoice
  B) certificate of origin
  C) bill of lading
  D) close indent
  Show Answer
  The correct answer is B .