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Which of the following is a reason for failure of public corporations?

by Sunday | Mar 16 | Commerce WAEC

A. legal requirement B. inadequate funding C. political stability D. lack of competition Correct Answer: Option B B. inadequate funding Explanation Public sector failure occurs when government intervention in the economy leads to an inefficient allocation of resources...

A tax charged in proportion to the value of imported goods is?

by Sunday | Mar 16 | Commerce WAEC

A. specific duty B. ad valorem C. custom duty D. excise duty Correct Answer: Option B B. ad valorem Explanation Ad valorem is a tax paid in proportion to the estimated value of the goods or transaction concerned. Charge levied as a percentage of value of the item it...

Which of the following is a disadvantage of retailing?

by Sunday | Mar 16 | Commerce WAEC

A. selling on credit B. lower prices of goods C. selling in smaller quantities D. located at convenient places Correct Answer: Option A A. selling on credit

A private limited liability company differs from a public limited liability because it?

by Sunday | Mar 16 | Commerce WAEC

A. does not issue its shares to the public B. as a separate entity C. has many directors D. is a going concern Correct Answer: Option A A. does not issue its shares to the public Explanation A company is called as private limited when all its shares are in private...

The study to discover consumers’ preferences and needs is called?

by Sunday | Mar 16 | Commerce WAEC

A. market segmentation B. consumer orientation C. market research D. market mix Correct Answer: Option C C. market research Explanation Market research is the action or activity of gathering information about consumers’ needs and...
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