WAEC Commerce Past Questions & Answers - Page 327

1,631.

If a businessman imports stockfish with a view to exporting them to other countries, this form of trade is known as?

A.

invisible trade

B.

entrepot trade

C.

export trade

D.

import trade

E.

bilateral trade

Correct answer is B

No explanation has been provided for this answer.

1,632.

The receipt issued by a warehouse keeper for goods taken into the store is called?

A.

drawback warrant

B.

warranty

C.

divided warrant

D.

dock warrant

E.

custom warrant

Correct answer is D

No explanation has been provided for this answer.

1,633.

A clean bill of leading is so-called because?

A.

the colour is pure, white

B.

it is not stained

C.

it is a document of authority

D.

it has no record of demage goods

E.

it could be tranferred to anybody

Correct answer is D

No explanation has been provided for this answer.

1,634.

The activities of a company designed to stimulate consumers by giving them samples, premium, or conducting contests are referred to as?

A.

consumer protection

B.

marketing mix

C.

sales promotion

D.

marketing concept

E.

advertising

Correct answer is C

No explanation has been provided for this answer.

1,635.

One disadvantage of advertising is that it?

A.

could be misleadiing through its false claims

B.

decrease sales

C.

makes new products known

D.

teaches the consumer the use of the advertise product

E.

creates employment

Correct answer is A

No explanation has been provided for this answer.