WAEC Commerce Past Questions & Answers - Page 170

846.

Which of the following may not be considered when choosing an appropriate channel of distribution for a new product?

A.

Nature of the product

B.

Identification of potential customers

C.

Operating costs

D.

Existing local channel of distribution

E.

Provision of credit facilities to customers

Correct answer is E

No explanation has been provided for this answer.

847.

When goods are sent through an independent carrier, the document used by the sender is

A.

a delivery note

B.

an advice note

C.

an invoice

D.

a consignment note

E.

a reciept

Correct answer is D

No explanation has been provided for this answer.

848.

Musa places the bicycle for sale at #800.00 and Dada had agreed to pay the amount. In this transaction, Musa is the

A.

offerer

B.

offeree

C.

buyer

D.

guarantor

E.

auctioner

Correct answer is A

No explanation has been provided for this answer.

849.

A firm that accepts a portion of the risk involved in an insurance contract is

A.

a broker

B.

an actuary

C.

a speculator

D.

an underwriter

E.

an assessor

Correct answer is D

No explanation has been provided for this answer.

850.

An association of employees in an organization is called a

A.

trade union

B.

trade association

C.

consumer association

D.

credit union

E.

co-operative society

Correct answer is A

No explanation has been provided for this answer.