WAEC Commerce Past Questions & Answers - Page 240

1,196.

Commerce is concerned mainly with the?

A.

production of goods and services

B.

distribution of goods and services

C.

consumption of goods and services

D.

storing of goods

E.

advertising of goods and services

Correct answer is B

No explanation has been provided for this answer.

1,197.

The coming together of firms at different stages of the production process is known as?

A.

horizontal integration

B.

vertical integration

C.

consortium

D.

cartel

E.

holding company

Correct answer is B

No explanation has been provided for this answer.

1,198.

In which of the following are the objectives of a company stated?

A.

Annual Report

B.

Articles of Association

C.

Certificate of Incorporation

D.

Certificate of Trading

E.

Memorandum of Association

Correct answer is E

No explanation has been provided for this answer.

1,199.

Which of the following is an objective of indigenisation? To

A.

increase foreign participation in business

B.

attract foreign Capital

C.

help Nigerian entrepreneurs become monopolists

D.

help citizens participate fully in the economy

E.

distribute income

Correct answer is D

No explanation has been provided for this answer.

1,200.

Which of the following is not a feature of supermarkets?

A.

Standard shop fronts

B.

Self service

C.

Use of trolleys

D.

Small number of sales assistants

E.

Stocking mainly food items

Correct answer is A

No explanation has been provided for this answer.