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 721: Division of labour ultimately leads to? Options:
  A) conservation
  B) intergration
  C) specialization
  D) repetition
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  The correct answer is C .
• Question 722:

  The marketing term which regards the consumer as king that must be satisfied is

  Options:
  A) market segmentation
  B) market research
  C) marketing concept
  D) marketing mix
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  The correct answer is C .
• Question 723: A machine which enable s sales without the physical presence of a sales attendant is a Options:
  A) computer machine
  B) vending machine
  C) telex machine
  D) fax machine
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  The correct answer is B .
• Question 724:

  An individual that links the producer with the retailer is

  Options:
  A) an agent
  B) a wholesaler
  C) a principal
  D) an entreprenuer
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  The correct answer is B .
• Question 725: One of the criteria for differentiating consumers markets from industrial ones is the Options:
  A) type of demand
  B) type of supply
  C) nature of the services rendered
  D) price of the goods
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  The correct answer is A .
• Question 726: The activity which entails buying of goods in bulk and selling in small quantities to retailers is? Options:
  A) assembling
  B) wholesaling
  C) retailing
  D) merchandising
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  The correct answer is B .
• Question 727: The main difference between nationalization and indigenization is in terms of Options:
  A) shareholding
  B) profit
  C) technology
  D) efficiency
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  The correct answer is C .
• Question 728:

  You have just bought a new car. What Insurance policy will you take to cover it?

  Options:
  A) Accident Insurance
  B) Fire Insurance
  C) Marine Insurance
  D) Fidelity Guarantee Insurance
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  The correct answer is A .
• Question 729:

  The three components of staffing are? 

  Options:
  A) recruitment, interview and appointment
  B) recruitment, selection and placement
  C) recruitment, test and placement
  D) recruitment, procurement and appointment
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  The correct answer is B .
• Question 730: The selling of new shares to exist shareholders is referred to as? Options:
  A) public issue
  B) offer for sale
  C) rights issue
  D) bonus issue
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  The correct answer is C .