WAEC Past Questions and Answers - Page 454

2,266.

Which of the following is not a reason for forming a customer association?

A.

Protection against poor quality goods

B.

Protection against unscrupulous salesmen

C.

Improving the quality of goods to consumers

D.

Improving the quality of services to shoppers

E.

Making profit for consumers

Correct answer is E

No explanation has been provided for this answer.

2,267.

UTC, kingsway Stores and Leventis Stores are typical examples of?

A.

Telephone

B.

Recorded delivery

C.

Telex

D.

Express mail

E.

Bill of lading

Correct answer is B

No explanation has been provided for this answer.

2,268.

A term embracing buying, selling and distributing of goods and services is known as?

A.

wholesale trade

B.

retail trade

C.

commerce

D.

market mix

E.

marketing concept

Correct answer is C

No explanation has been provided for this answer.

2,269.

A trade agreement in which two countries exchange goods and services is known as?

A.

export trade

B.

bilateral trade

C.

multilateral trade

D.

entrepot trade

E.

barter trade

Correct answer is B

No explanation has been provided for this answer.

2,270.

The most important function of the retailer is to?

A.

sell goods on credit

B.

operates on weekends and public holidays

C.

make goods available in units

D.

buy from wholesalers

E.

operate at convenient places

Correct answer is C

No explanation has been provided for this answer.