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Commerce 2002 WAEC Past Questions

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51

(a) State four characteristics of a co-operative society.

(b) Mention and explain three types of co-operative society
 

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52

(a) State five functions performed by the wholesaler in the channel of distribution.

(b) Explain five factors that encourage the elimination of middlemen from the channel of distribution.
 

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53

(a) Explain each of the following insurance terms:
(i) consequential loss
(ii) cover note

(b) State four advantages of re-Insurance to a businessman 
 

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54

(a) What is a Chamber of Commerce?

(b) State six functions of a Chamber of Commerce.

(c) State three functions -pc manufacturing association.
 

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55

(a) Give four reasons why retail shops adopt self service.

(b) Explain six facilities that a retail shop should have to encourage self service. 
 

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