WAEC Commerce Past Questions & Answers - Page 147

731.

Which of the following is not performed by marketing?

A.

Provision of revenue

B.

Provision of employment

C.

Export promotion

D.

Enlargement of the market

E.

Changing the nature of marketable goods

Correct answer is A

No explanation has been provided for this answer.

732.

Capital owned is synonymous with the

A.

paid-up capital

B.

working capital

C.

net worth

D.

authorized capital

E.

liquid capital

Correct answer is C

No explanation has been provided for this answer.

733.

Business activities that direct the flow of goods and services from the producer to the consumer is

A.

promotion

B.

advertising

C.

selling

D.

marketing

E.

transportation

Correct answer is D

No explanation has been provided for this answer.

734.

The principle of insurance that restores the insured to the position he occupied immediately before the loss occurred is called

A.

utmost good faith

B.

indemnity

C.

subrogation

D.

contribution

E.

insurable interest

Correct answer is B

No explanation has been provided for this answer.

735.

The main reason for advertising an already existing line of products is to

A.

develop customers' awareness

B.

entertain customers

C.

introduce a price deal

D.

build brand recognition

E.

retain old customers

Correct answer is D

No explanation has been provided for this answer.