WAEC Commerce Past Questions & Answers - Page 197

981.

A major reason why government regulate business activities is to?

A.

prevent producers from selling at profit

B.

providing employment to schools

C.

ensures fair practices and consumers protection

D.

force producers to export more goods

Correct answer is C

No explanation has been provided for this answer.

982.

If Baba is forced to agree go the terms of a contract at gun point, the contract is entered into?

A.

under duress

B.

through frustration

C.

through misrepresentation

D.

by mistake

Correct answer is A

No explanation has been provided for this answer.

983.

The grading of products to satisfy different buyers is referred to as?

A.

product mix

B.

product differentiation

C.

product concept

D.

product line

Correct answer is C

No explanation has been provided for this answer.

984.

Which of the following types of cheque protects the holder against the risk of loss?

A.

Open cheque

B.

Bearer cheque

C.

Post dated cheque

D.

Crossed cheque

Correct answer is D

No explanation has been provided for this answer.

985.

Which of the following is a customer service?

A.

Delivery

B.

Merchandizing

C.

Branding

D.

Market research

Correct answer is B

No explanation has been provided for this answer.