by Sunday | Mar 15 | Commerce WAEC
A. consumer association B. trade union C. trade association D. chamber of commerce Correct Answer: Option C C. trade association Explanation A trade association is a body representing organizations within the same trade. It aims to protect their collective interests,...
by Sunday | Mar 15 | Commerce WAEC
A. standing order B. bill of exchange C. bank draft D. open cheque Correct Answer: Option C C. bank draft Explanation A bank draft is a cheque drawn by a bank on its own funds.
by Sunday | Mar 15 | Commerce WAEC
A. 16 B. 12 C. 10 D. 9 Correct Answer: Option D D. 9 Explanation Today the Niger Basin Authority is a regional economic institution formed by nine countries of West Africa and Central Africa: Benin, Burkina Faso, Cameroon, Chad, Ivory Coast, Guinea, Mali, Niger, and...
by Sunday | Mar 15 | Commerce WAEC
A. commercialization B. indigenization C. privatization D. nationalization Correct Answer: Option D D. nationalization Explanation Nationalization is the process of transforming private assets into public assets by bringing them under the public ownership of a...
by Sunday | Mar 15 | Commerce WAEC
A. insurance B. transport C. advertising D. warehousing Correct Answer: Option D D. warehousing Explanation Warehousing is the act of storing goods that will be sold or distributed later. While a small, home-based business might be warehousing products in a spare...
by Sunday | Mar 15 | Commerce WAEC
A. market analysis B. market penetration C. market segmentation D. market research Correct Answer: Option C C. market segmentation Explanation Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different...