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Commerce 2015 WAEC Past Questions

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41

the study to discover consumers' preference and needs is called

  • A. market segmentation
  • B. consumer orientation
  • C. market research
  • D. market mix
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42

a private limited liability company differs from a public limited liability because it

  • A. does not issue its shares to the public
  • B. as a separate entity
  • C. has many directors
  • D. is a going concern
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43

which of the following is a disadvantage of retailing

  • A. selling on credit
  • B. lower prices of goods
  • C. selling in smaller quantities
  • D. located at convenient places
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44

A tax charged in proportion to the value of imported goods is?

  • A. specific duty
  • B. ad valorem
  • C. custom duty
  • D. excise duty
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45

which of the following is a reason for failure of public corporations

  • A. legal requirement
  • B. inadequate funding
  • C. political stability
  • D. lack of competion
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