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Commerce 2003 WAEC Past Questions

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21
Which of the following is not a function of the retailing?
  • A. Buying in bulk and warehousing
  • B. Buying and selling in bits to consumers
  • C. Advising consumers on the right type of goods
  • D. Granting credits to customers
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22
The refund made by on goods re-exported after being imported is known as?
  • A. import duty
  • B. export duty
  • C. excise drawback
  • D. customs drawback
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23
Which of the following requires services of middlemen?
  • A. Technical goods
  • B. Expensive goods
  • C. Convenience goods
  • D. Perishable goods
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24
Entrepot trade means?
  • A. exchange of goods between two countries
  • B. exchange of goods among many countries
  • C. exporting goods to be re - imported
  • D. importing goods to be re-exported
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25
To sell a bill at less that the face value before its maturity is?
  • A. discounting
  • B. retiring
  • C. accepting
  • D. noting
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