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Commerce 2024 WAEC Past Questions

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16

One of the aims of customers' association is to advocate for 

  • A. low-income tax
  • B. high wages
  • C. high prices of product
  • D. Good quality product
View Answer & Discuss (2) WAEC 2024
17

Pre-financing production is a wholesaler's function to 

  • A. manufactures
  • B. retailers
  • C. distributors
  • D. consumers
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18

An advanced balance payment could be corrected through 

  • A. increase in the put
  • B. increase in export
  • C. reduction of export
  • D. removal of tariffs
View Answer & Discuss (1) WAEC 2024
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19

A price quotation that includes the cost of delivering the goods up to the ship but excludes the cost of loading is 

  • A. FAS
  • B. FOB
  • C. Franco
  • D. CIF
View Answer & Discuss WAEC 2024
20

To inform the buyer that the goods are in transit, the seller sends 

  • A. a quotation
  • B. an invoice
  • C. a debit note
  • D. an advice note
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