by Sunday | Mar 14 | Commerce WAEC
A. factors B. distributors C. brokers D. auctioneers Correct Answer: Option A A. factors Explanation A factor is a type of trader who receives and sells goods on commission (called factorage). A factor is a mercantile fiduciary transacting business in his own name and...
by Sunday | Mar 14 | Commerce WAEC
A. dock warrant B. freight note C. bill of lading D. mate’s receipt Correct Answer: Option B B. freight note Explanation Freight note is a document detailing A charge paid for carriage or transportation of goods by air, land, or...
by Sunday | Mar 14 | Commerce WAEC
A. speculation B. arbitrage C. contango D. hedging Correct Answer: Option A A. speculation Explanation Speculation in regards to commodity market is the purchase of a commodity with the hope and expectation that, they may be variation or changes in prices of the said...
by Sunday | Mar 14 | Commerce WAEC
A. price B. place C. population D. product Correct Answer: Option C C. population Explanation The marketing mix (also known as the 4 Ps) is a foundation model in marketing. The marketing mix has been defined as the “set of marketing tools that the firm uses to...
by Sunday | Mar 14 | Commerce WAEC
A. a jobber B. an agent C. a broker D. a distributor Correct Answer: Option A B. an agent Explanation An agent, in legal terminology, is a person who has been legally empowered to act on behalf of another person or an entity. An agent may be employed to...