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Commerce 2023 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO offline past questions - All questions, answers & explanations in one app 25712
11

A problem associated with barter is

  • A. poor road network delaying transportation of goods
  • B. inability to measure what is to be exchanged
  • C. difficulty in collecting debt
  • D. inability to produce enough goods
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12

A voluntary association of businessmen who are not in the same line of business is a

  • A. bureau de change
  • B. trade association
  • C. chamber of commerce
  • D. trade union
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13

A disadvantage of privatization is that

  • A. there is decline in the supply of goods
  • B. public interest outweighs the profit motive
  • C. income is unevenly distributed
  • D. there is less efficiency in the production of goods
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NECO offline past questions - All questions, answers & explanations in one app 25712
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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14

A reduction in the value of a country's currency in relation to that of other countries is

  • A. revaluation
  • B. inflation
  • C. devaluation
  • D. deflation
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15

The means by which a firm obtains information before introducing new products is

  • A. market segmentation
  • B. advertising
  • C. promotion
  • D. market research
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts