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Commerce 1998 WAEC Past Questions

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46
When a firm sets a low price for new product, this is said to be
  • A. market swimming
  • B. competitive pricing
  • C. penetration pricing
  • D. loss leader pricing
  • E. target pricing
View Answer & Discuss WAEC 1998
47
Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
The #8,000 for the sale is
  • A. an offer
  • B. an acceptance
  • C. a consideration
  • D. a warranty
  • E. a security
View Answer & Discuss WAEC 1998
48
Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
Ola is the
  • A. offeror
  • B. offeree
  • C. acceptor
  • D. guarantor
  • E. surety
View Answer & Discuss WAEC 1998
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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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49
When an acceptance to an offer is conditional, the offer becomes
  • A. accepted
  • B. a counter offer
  • C. valid
  • D. void
  • E. frustrated
View Answer & Discuss WAEC 1998
50
A mercantile agent having title to goods in his possession is known as
  • A. factor
  • B. broker
  • C. jobber
  • D. auctioneer
  • E. stag
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts