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Commerce
WAEC 1992
Commerce 1992 WAEC Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
Occupations
Meaning and Importance
Types of occupations: Industrial, commercial, direct and indirect services
Factors influencing choice of occupation
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Meaning and objectives of business
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Role of Bureau de Change
Trade Associations and Economic Groups
Trade and manufacturer associations
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Trade - Home Trade
Retail trade: Types, functions, advantages and disadvantages, trends
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Balance of trade/payment, terms of trade
Export, import and entrepôt procedures and documents
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Roles of Customs, Excise, Ports Authority
Purchase and Sale of Goods
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Terms of trade: Discounts, C.O.D., C.I.F., F.O.B.
Means and terms of payment
Aids to Trade
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Personal selling
Legal Aspects of Business
Simple contract
Agency, Sale of Goods Act, Hire Purchase Act
Employer/employee rights
Government regulations
Consumer protection
ICT in Commerce
Computer applications
ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
Safe products and pollution
Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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76
Voyage policy is issued when goods are insured?
A.
between one pot and another
B.
according to the weight
C.
according to the value of goods
D.
according to the risk involved
E.
for a specific time
View Answer & Discuss (1)
WAEC 1992
77
The essence of marketing concepts is that all company planning, operations and other activities should be?
A.
consumer- oriented
B.
dividend - oriented
C.
profit - oriented
D.
product- oriented
E.
company - oriented
View Answer & Discuss
WAEC 1992
78
The essence of marketing concepts is that all company planning, operations and other activities should be?
A.
consumer- oriented
B.
dividend - oriented
C.
profit - oriented
D.
product- oriented
E.
company - oriented
View Answer & Discuss
WAEC 1992
79
The essence of marketing concepts is that all company planning, operations and other activities should be?
A.
consumer- oriented
B.
dividend - oriented
C.
profit - oriented
D.
product- oriented
E.
company - oriented
View Answer & Discuss
WAEC 1992
80
Details or services available and information regarding terms of carriage by post are contained in a?
A.
business manual
B.
post office guide
C.
trade journal
D.
telephone directory
E.
service manual
View Answer & Discuss
WAEC 1992
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