Register
Login
Username
Password
Remember me
Sign in
New here ?
Join Us
Register
Login
Home
Buy Now
Enter Store
Books
Computer Software
Forms
JAMB
Mobile Apps
NECO
Video Lessons Subscription
WAEC
Whatsapp Groups
Post UTME Past Question
Project & Research Materials
Latest News
JAMB News
Post-UTME News
Admission News
O'Level News
Scholarships
Pre-Degree News
Post-Graduate News
Events
Entertainment News
Politics News
Part Time News
Departmental News
General News
Study Abroad News
IJMB News
Gist & Gossips
Noticeboard
NYSC
Nursing School News
Find a Scholarship
Classroom
Enter now to Study
Start a Free Practice Exam
Topic by Topic Video Lessons
Past Questions Video Lessons
Current JAMB Novel
All Novels
Latest JAMB Syllabus
Latest JAMB Brochure
Exam Ranking
Ask a Question
All Questions
School-Based Questions
Academic Questions
Connect2Me
Find Friend
Update your Profile
Sell an Item
Buy an Item
Sell an Item
Events
All Events
Post an Event
Groups
Join a Group
Create a Group
[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
Home
Classroom
Commerce
WAEC 2007
Commerce 2007 WAEC Past Questions
Exam Type:
All
JAMB
WAEC
NECO
Exam year:
All
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
Question Type:
All
Objective
Theory
Practical
Topics:
All
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
Production
Meaning and types: Primary, secondary, tertiary
Factors of production, characteristics & rewards
Division of labour and specialization
Inter-relationship between production and exchange
Business Units
Meaning and objectives of business
Forms: Sole proprietorship, Partnership, Limited liability companies, Public enterprises, Cooperative societies
Characteristics, formation, advantages and disadvantages
Business mergers
Choice of business units
Dissolution and liquidation
Business Capital and Finance
Meaning and types of capital
Working capital, profit and turnover calculations
Sources of finance
Problems of sourcing finance
Role of Bureau de Change
Trade Associations and Economic Groups
Trade and manufacturer associations
Chambers of Commerce
Employers’, Consumers’ and Manufacturers’ associations
Economic groups: ECOWAS, IMF, IBRD, UNCTAD, etc.
Trade - Home Trade
Retail trade: Types, functions, advantages and disadvantages, trends
Wholesale trade: Types, functions
Warehousing: Types, functions
Channels of distribution
Trade - Foreign Trade
Balance of trade/payment, terms of trade
Export, import and entrepôt procedures and documents
Barriers to international trade
Roles of Customs, Excise, Ports Authority
Purchase and Sale of Goods
Documents: Enquiry, quotation, invoice, bill of lading, etc.
Terms of trade: Discounts, C.O.D., C.I.F., F.O.B.
Means and terms of payment
Aids to Trade
Advertising
Banking
Insurance
Transportation
Communication
Tourism
Finance and Financial Institutions
Money
Credit
Credit unions and thrift societies
Stock Exchange
Marketing
Meaning, importance and functions
Marketing concept and mix
Market segmentation
Public relations, customer service
Sales promotion
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
Get Questions
Clear Selections
Change Subject
Post a Question
Check Syllabus
Study My Bookmarks
Past Questions Videos
Watch Video Lessons
Download App
26
Who is responsible for the payment of the bill in a documentary credit
A.
Exporter
B.
Importer
C.
Importer's bank
D.
Exporter's bank
View Answer & Discuss
WAEC 2007
27
A popular product priced low to attract a larger number of buyers to a shop is called
A.
loss leader
B.
capital good
C.
seasonal good
D.
price ring
View Answer & Discuss
WAEC 2007
28
Centralized buying and decentralized selling are features of
A.
cooperative wholesalers
B.
department stores
C.
mail order business
D.
multiple stores
View Answer & Discuss
WAEC 2007
29
Which of the following is not a feature of a self-service store?
A.
it is found mainly in urban areas
B.
it offers steady employment opportunities
C.
Goods carry price tags
D.
it operates on a large floor space
View Answer & Discuss
WAEC 2007
30
If a share is sold at a price below its face value, it is sold
A.
above par
B.
at a discount
C.
at par
D.
at premium
View Answer & Discuss
WAEC 2007
«
1
2
3
4
5
6
7
8
9
10
11
12
»
Start a Free Practice Test
Subjects
Mathematics
English Language
Chemistry
Physics
Biology
Geography
Literature in English
Economics
Commerce
Accounts - Principles of Accounts
Government
Christian Religious Knowledge (CRK)
Agricultural Science
Islamic Religious Knowledge (IRK)
History
Fine Arts
Music
French
Animal Husbandry
Insurance
Civic Education
Further Mathematics
Yoruba
Igbo
Arabic
Home Economics
Hausa
Book Keeping
Data Processing
Catering Craft Practice
Computer Studies
Marketing
Physical Education
Office Practice
Technical Drawing
Food and Nutrition
Home Management
Sign In
×
Username
Password
Remember me
Sign in
Don't have an account,
Click here to register
