WAEC Commerce Past Questions & Answers - Page 276

1,376.

The three main division of production are?

A.

extraction, manufacturing and construction

B.

import, export and entrepot

C.

industry, commerce and direct service

D.

industry, trade and direct service

Correct answer is A

No explanation has been provided for this answer.

1,377.

The relationship between a country's total receipts and payments in international trade in a given year is called?

A.

balance of trade

B.

balance of payments

C.

terms of trade

D.

balance of current account

E.

balance on capital account

Correct answer is B

No explanation has been provided for this answer.

1,378.

The marketing concept which begins and ends satisfying the needs and wants of the consumer is called?

A.

caveat venditor

B.

consumer orientation

C.

consumer association

D.

consumer protection

E.

caveat emptor

Correct answer is B

No explanation has been provided for this answer.

1,379.

The form of advertising which aims at wining the market for one particular brand is known as?

A.

informative advertisement

B.

generic advertisement

C.

persuasive advertisement

D.

competitive advertisement

E.

direct advertisement

Correct answer is D

No explanation has been provided for this answer.

1,380.

The outright purchase of one company by another is called?

A.

absorption

B.

merger

C.

cartel

D.

acquisition

E.

privatization

Correct answer is D

No explanation has been provided for this answer.