WAEC Commerce Past Questions & Answers - Page 192

956.

Entrepot trade means?

A.

exchange of goods between two countries

B.

exchange of goods among many countries

C.

exporting goods to be re - imported

D.

importing goods to be re-exported

Correct answer is D

No explanation has been provided for this answer.

957.

Which of the following requires services of middlemen?

A.

Technical goods

B.

Expensive goods

C.

Convenience goods

D.

Perishable goods

Correct answer is C

No explanation has been provided for this answer.

958.

The refund made by on goods re-exported after being imported is known as?

A.

import duty

B.

export duty

C.

excise drawback

D.

customs drawback

Correct answer is D

No explanation has been provided for this answer.

959.

Which of the following is not a function of the retailing?

A.

Buying in bulk and warehousing

B.

Buying and selling in bits to consumers

C.

Advising consumers on the right type of goods

D.

Granting credits to customers

Correct answer is A

No explanation has been provided for this answer.

960.

Which of the following is an advantage of large scale retailing?

A.

Decline in personal service

B.

Pilfering

C.

High overhead cost

D.

One-stop shopping

Correct answer is D

No explanation has been provided for this answer.