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Commerce 2025 WAEC Past Questions

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1

Commerce started as a result of

  • A. competition
  • B. privatization
  • C. specialization
  • D. distribution
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2

The process of changing raw materials into finished goods is

  • A. marketing
  • B. extraction
  • C. manufacturing
  • D. construction
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3

An example of a primary product is

 

  • A. cocoa
  • B. textile
  • C. palm oil
  • D. flour
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4

All activities geared towards the distribution and exchange of goods and services is

  • A. personal selling
  • B. trade
  • C. market survey
  • D. commerce
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5

The word "limited" written after the name of a company means that

  • A. profit is determined by management
  • B. members are liable to the extent of their shareholdings only
  • C. the company is a going concern
  • D. it has a democratic system of management
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