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 911: The major components of modern retailing include? Options:
  A) branding, doorstep selling and customer stimulation
  B) branding, sales promotion and mail order
  C) chain store, customer stimulating and doorstep selling
  D) branding, supermarkets and after sales-service
  Show Answer
  The correct answer is D .
• Question 912: Departmentalization is an aspect of? Options:
  A) planing
  B) organising
  C) directing
  D) controlling
  Show Answer
  The correct answer is B .
• Question 913: The quality and quantity of production mostly depend on the? Options:
  A) effectiveness of factors
  B) availibility of factors
  C) level of education of enterpreneurs
  D) level of cooperation among workers
  Show Answer
  The correct answer is A .
• Question 914: 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
  Show Answer
  The correct answer is B .
• Question 915: The principle of span of control stipulates that Options:
  A) an employee should report to only one superior
  B) manager must demand accountability from their surbordinates
  C) resources have to be economized within the various division
  D) the number of employee reporting to one superior should be kept to workable maximum
  Show Answer
  The correct answer is D .
• Question 916: The turnover of firm maybe affected by Options:
  A) the demand for its product
  B) the cost of its goods sold
  C) its closing stock
  D) its net assets
  Show Answer
  The correct answer is A .
• Question 917:

  A retail store that sells a single product from a particular manufacturer is a

  Options:
  A) tied shop
  B) shopping mail
  C) hypermarket
  D) chain store
  Show Answer
  The correct answer is D .
• Question 918: The Continental West African Conference is a Options:
  A) group of all West African countries trading in the same products
  B) conference to foster unity among the West African countries
  C) gorups of shipping lines operating on the same West African route
  D) trust with shareholders fromall West African countries
  Show Answer
  The correct answer is D .
• Question 919:

  A business unit in which savings of members are lent to others is a

  Options:
  A) consumer cooperative society
  B) producer cooperative society
  C) credit and thrift society
  D) wholesale cooperative society
  Show Answer
  The correct answer is C .
• Question 920:

  

  From the diagram above, what does I stand for?

  Options:
  A) aids to trade
  B) home trade
  C) publicity
  D) advertising
  Show Answer
  The correct answer is A .