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2431

Which of the following are elements of a valid contract?

  • A. Dishcarge and performance
  • B. Offer and acceptance
  • C. Age and maturity
  • D. Promise and capacity
View Answer & Discuss WAEC 2011
2432

The last link in the channel of distribution is the

  • A. retailer
  • B. consumer
  • C. wholesaler
  • D. producer
View Answer & Discuss (1) WAEC 2011
2433

Taxes on imported foreign goods are also known as

  • A. excise duties
  • B. tariffs
  • C. ad valorem taxes
  • D. dock dues
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2434

If Karamo who lives in The Gambia imports goods from Senegal and later sells them in Guinea Bissau; Karamo is engaged in

  • A. multi-lateral trade
  • B. counter trade
  • C. barter trade
  • D. entrepot trade
View Answer & Discuss WAEC 2011
2435

Manufacturers may sell goods directly to consumers where goods are i. made to customer's specification ii. advertised by the manufacturer iii. perishable iv. highly technical v. widely demanded

  • A. i,iii and iv only
  • B. i and iii only
  • C. iii,iv and v only
  • D. iii and iv only
View Answer & Discuss WAEC 2011
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