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Commerce 1993 WAEC Past Questions

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1
The function of commerce in production is that it?
  • A. helps in the extraction of raw materials
  • B. provides a link between the different arms of production
  • C. is the only branch that satisfies wants
  • D. yields result
  • E. changes raw materials to finished goods
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2
Which of the following is not a basic want of man?
  • A. Transport
  • B. Food
  • C. Water
  • D. Clothing
  • E. Shelter
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3
Which of the following comes last in the chain of distribution? The
  • A. consumer
  • B. manufacturer
  • C. retailer
  • D. wholesaler
  • E. agent
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4
Which of the following is not an aid to trade?
  • A. Transport
  • B. Production
  • C. Banking
  • D. Insurance
  • E. Warehouse
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5
Trade can be described as?
  • A. purchase of goods and services
  • B. production of goods
  • C. buying and selling
  • D. distribution of goods
  • E. storage of goods
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