by Sunday | Jan 8 | Commerce WAEC
A. Commission B. Profit C. Jobber’s Profit D. Turnover Correct Answer: Option C C. Jobber’s Profit Explanation The buying price of a share is the lower price and the selling price is the higher price. The difference between the two gives what is called...
by Sunday | Jan 8 | Commerce WAEC
A. Natural Barriers B. Economic Barriers C. Social and Language Barriers D. Trade Fair Correct Answer: Option D D. Trade Fair Explanation Trade Fair is a form of Sales Promotion.
by Sunday | Jan 8 | Commerce WAEC
A. Debit note B. Credit note C. Invoice D. Price ring Correct Answer: Option C C. Invoice Explanation Invoice is one of the six main documents sent to the importer. The invoice will state in detail the nature, quality, quantity and price of the goods making up the...
by Sunday | Jan 8 | Commerce WAEC
A. is not restricted to a particular industry B. is a branch of trade that sells product C. consists of members engaged in the same trade D. are association of individuals or firms Correct Answer: Option A A. is not restricted to a particular industry Explanation A...
by Sunday | Jan 8 | Commerce WAEC
A. Cartel B. Conference C. Syndicate D. Trust Correct Answer: Option B B. Conference Explanation The conference is an international example of a cartel in which various shipping conferences operate.