WAEC Commerce Past Questions & Answers - Page 264

1,316.

A cheque that is drawn in the name of a bank instead of the account holder's name is called?

A.

Bank statement

B.

Bill of exchange

C.

Specially crossed cheque

D.

Certified cheque

E.

Bank draft

Correct answer is E

No explanation has been provided for this answer.

1,317.

A modern method of retailing whereby customers can make their purchases without the help of an assistance or cashier is called?

A.

Impulse buying

B.

One-step-shopping

C.

Self service

D.

Automatic vending

E.

Auction sales

Correct answer is D

No explanation has been provided for this answer.

1,318.

Which of the following organizations aim primarily at protecting the consumer?

A.

Standards Organization of Nigeria

B.

Chambers of Commerce

C.

State Security Service

D.

Nigeria Red Cross Society

E.

Manufacturers Association of Nigeria

Correct answer is A

No explanation has been provided for this answer.

1,319.

The system of collecting information with a view to determining the extent of demand for a product is known as?

A.

advertising

B.

marketing research

C.

marketing

D.

marketing segementation

E.

communication

Correct answer is B

No explanation has been provided for this answer.

1,320.

Which of the following ancillary service helps to maintain close contact between buyers and sellers?

A.

Tansport

B.

Insurance

C.

Banking

D.

Communication

E.

Advertising

Correct answer is D

No explanation has been provided for this answer.