WAEC SSCE - Commerce - 2023 (Objective)
Question 5 Rapport
Buying and selling products through a network of digital devices is
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Question 6 Rapport
Use the diagram to answer the question
The two lines on the instrument shows that it is
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Question 9 Rapport
Consumers could be encouraged to purchase a company's products through
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Consumers could be encouraged to purchase a company's products through advertisement. Advertisement is a form of marketing communication that is used to persuade and encourage consumers to buy a product or service. It involves creating awareness and promoting the features and benefits of a product or service to a target audience through various media channels such as television, radio, newspapers, magazines, social media, and billboards. Effective advertisement campaigns are designed to create a favorable impression of a company's product in the minds of consumers, ultimately leading to increased sales and revenue for the company.
Question 12 Rapport
The means by which a firm obtains information before introducing new products is
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Question 13 Rapport
The arrangement for the conveyance of goods abroad is performed by the
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Question 15 Rapport
Which of the following modes of transport could be used to convey both liquid and gas?
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Question 16 Rapport
Which of the following is not a right of a consumer?
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The right to buy on credit is not a right of a consumer. This is because credit is not a right but a privilege, which is extended to a consumer based on their creditworthiness. While consumers have the right to obtain credit if they meet the requirements, they do not have an inherent right to buy on credit. The other options listed are all rights of consumers. The right to a fair hearing ensures that consumers have a chance to express their views when there is a dispute. The right to obtain replacement guarantees that consumers can replace products that are faulty or defective. The right to a safe product ensures that products meet safety standards and do not pose a risk to consumers.
Question 17 Rapport
When a seller wishes to be paid before supplying goods, he would send the buyer a
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Question 18 Rapport
The rate at which a country's export exchange for its imports is
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Question 19 Rapport
A business that can obtain capital through of sale of shares is a
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Question 21 Rapport
A voluntary association of businessmen who are not in the same line of business is a
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Question 23 Rapport
A bill of lading that is tagged clean means that the goods being delivered are
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Question 25 Rapport
A factor to be considered in selecting a means of transporting fish is the
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Question 27 Rapport
The bank that conducts research on an economy, thereby identifying obstacles to growth is the
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Question 29 Rapport
Which of the following activities does not belong to the extractive industry?
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Question 30 Rapport
The business in which sale of goods involves use of vehicles is a
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Question 31 Rapport
Use the diagram to answer the question
The instrument in the diagram is a
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Question 33 Rapport
Operating a state owned enterprise with the intention of making more profit is
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Question 35 Rapport
An organization that could strive for improvement in electricity and telephone services to users is
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Question 38 Rapport
Which of the following countries is not a member of the European Union?
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Question 39 Rapport
The function of money that makes it generally acceptable is
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Question 41 Rapport
A document in which the internal regulations of a company are stated is
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Question 42 Rapport
The management function that is concerned with coordinating business resources efficiently is
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Question 43 Rapport
The department that ensures that products are made available to consumers is
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Question 44 Rapport
In a contract of sale, the amount deposited with the seller for a particular product by a buyer is
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Question 45 Rapport
Use the diagram to answer the question
The instrument will not be valid on
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Question 46 Rapport
Advertising designed to sell more of a company's products than other brands is
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Question 47 Rapport
A reduction in the value of a country's currency in relation to that of other countries is
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Question 48 Rapport
An advantage of road transport over other means of transport is that
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Question 49 Rapport
Divesting government interest in a business to the public is
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