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Commerce 1990 WAEC Past Questions

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36
The main purpose of branding is to?
  • A. increase the quantity of goods demanded
  • B. differentiate goods from other similar goods made by other producers
  • C. increase the selling price of goods
  • D. enhance turnover of goods
  • E. introduce the product to the customers
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37
An individual who makes the final use of goods and services provided by a firm is the?
  • A. manufacturer
  • B. wholesaler
  • C. consumer
  • D. retailer
  • E. trader
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38
The organization of Petroleum Exporting Countries(OPEC) is an example of a?
  • A. cartel
  • B. trust
  • C. holding company
  • D. consortium
  • E. chamber of commerce
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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39
When a business is insolvent it may result in?
  • A. incorporation
  • B. recuperation
  • C. liquidation
  • D. restoration
  • E. nationalization
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40
In insurance the term Uberrimae fidei stands for?
  • A. utmost good faith
  • B. suborgation
  • C. insurable interest
  • D. indemnity against loss
  • E. proximate cause
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