by Sunday | Mar 15 | Commerce WAEC
A. indemnity B. contribution C. insurable interest D. proximate cause Correct Answer: Option D D. proximate cause Explanation Proximate cause is a key principle of insurance and is concerned with how the loss or damage actually occurred and whether it is indeed as a...
by Sunday | Mar 15 | Commerce WAEC
A. a crossed cheque B. a certified cheque C. an order cheque D. a confirmed cheque Correct Answer: Option C C. an order cheque Explanation An order cheque is one which is payable to a particular person. The payee can transfer an order cheque to someone else by signing...
by Sunday | Mar 15 | Commerce WAEC
A. fair trading B. under-invoicing C. hedging D. dumping Correct Answer: Option D D. dumping Explanation Dumping is a term used in the context of international trade. It’s when a country or company exports a product at a price that is lower in the foreign...
by Sunday | Mar 15 | Commerce WAEC
A. supermarket B. multiple shops C. mail order D. mobile shop Correct Answer: Option D D. mobile shop Explanation Mobile shop: a large vehicle that travels from place to place and from which goods are sold.
by Sunday | Mar 15 | Commerce WAEC
A. product differentiation B. sales orientation C. consumer orientation D. price differentiation Correct Answer: Option A A. product differentiation Explanation The five marketing concepts are: Production concept: Consumers prefer products that are widely available...