WAEC Commerce Past Questions & Answers - Page 272

1,356.

The most important function of the retailer is to?

A.

sell goods on credit

B.

operates on weekends and public holidays

C.

make goods available in units

D.

buy from wholesalers

E.

operate at convenient places

Correct answer is C

No explanation has been provided for this answer.

1,357.

Which of the following abbreviations permit the drawer of a document to correct any errors therein?

A.

V. A. T

B.

C. I. F

C.

E. O. E

D.

I. O. U

E.

C. W. O

Correct answer is C

No explanation has been provided for this answer.

1,358.

Which of the following has the main objective to differentiate between similar products from different manufacturers?

A.

Branding

B.

Wrapping

C.

Packaging

D.

Mark up

E.

Display

Correct answer is A

No explanation has been provided for this answer.

1,359.

When a motor dealer undertakes routine maintenance of costumers' vehicles, he is offering?

A.

self - service

B.

pre - sales services

C.

after - sales service

D.

automobile service

E.

free service

Correct answer is C

No explanation has been provided for this answer.

1,360.

Which of the following is the primary purpose of a business concern? To

A.

make maximum profit for itself and the share holders

B.

provide goods and services to customers at a profit for itself and shareholders

C.

supply essential commodities at a profit

D.

make a goods and services available to the poor at a profit

E.

ensure even development of a country

Correct answer is A

No explanation has been provided for this answer.