WAEC Commerce Past Questions & Answers - Page 132

656.

Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
Ola is the

A.

offeror

B.

offeree

C.

acceptor

D.

guarantor

E.

surety

Correct answer is A

No explanation has been provided for this answer.

657.

Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
The #8,000 for the sale is

A.

an offer

B.

an acceptance

C.

a consideration

D.

a warranty

E.

a security

Correct answer is C

No explanation has been provided for this answer.

658.

When a firm sets a low price for new product, this is said to be

A.

market swimming

B.

competitive pricing

C.

penetration pricing

D.

loss leader pricing

E.

target pricing

Correct answer is C

No explanation has been provided for this answer.

659.

Which of the following s a form of public relations?

A.

Feature articles

B.

Window display

C.

Catalogue

D.

Transportation and delivery services

E.

Personal selling

Correct answer is A

No explanation has been provided for this answer.

660.

Which of the following is a demerit of advertising?

A.

Increases per-unit cost of goods

B.

Leads to increased profit for producers

C.

Provides information for customers

D.

Reduces per-unit cost of goods

E.

Increases competiton among producers

Correct answer is A

No explanation has been provided for this answer.