WAEC Questions and Answers in Commerce 2022/2023
Candidates looking online for Commerce WAEC Questions and Answers 2023/2024 will be updated as these become available.
Here you may find the most recent WAEC Commerce Objective and theoretical answers (Paper 1 and Paper 2).
Stay tuned for additional details regarding the possible WAEC Questions and Answers for Commerce exams.
Based on the operational design, all WAEC questions appear to be simple. The Commerce examination will consist of papers 1 and 2. The first paper will be the goal, while the second will be the essay.
Keep refreshing this page, as we will definitely update this page as soon as the Latest 2023 WAEC Commerce Questions and Answers are out…
In the meantime, go through these past questions and Answers below for the previous years because they are likely questions for WAEC Commerce 2023.
WAEC Commerce Objectives Past Questions and Answers
The objective section offers multiple options. Before selecting a response, thoroughly peruse the questions.
The following are examples of repeatable past questions on Commerce.
Instruction: Answer ALL questions.
Mark your answers on the provided answer sheet.
It is possible to describe commerce as the study of how
A. man makes use of the resources in his physical surroundings.
B. man manufactures, distributes, and consumes his own goods and services.
C. man purchases, sells, and distributes merchandise and services.
D. raw resources are transformed into final products
The answer is C. (man buys, sells, and distributes goods and services)
2. ____activity is defined as the transformation of processed raw materials into consumer and industrial goods
ANSWER: B ( manufacturing )
The production method that combines two or more raw ingredients into a single end product is called a synthesis.
the condition of
Synthesis of D.
ANSWER: B (blending)
The payment of taxes is a sign of social responsibility on the part of a corporation.
A. payment of government taxes
B. distributions to shareholders
C. loan interest rates
D. cost of insurance
ANSWER: A (dividends to shareholders)
WAEC Commerce Practice Past Questions
Candidates are required to answer the following questions:
What is meant by the phrase commerce?
A. commercial subsidies and direct services
B. direct services and business
C. enterprise and commerce
D. trade and aids to trade.
Division of labor in a business results in
A. inefficiencies of scale
B. extended working hours for the labor force
Product standardization is C.
D. the workforce with several skills
Because industry, trade, and direct services are required for production
A. they are mutually dependant.
B. their purpose is to foster specialization.
C. they provide each other with services.
They trade things with one another.
Which function does a retailer not perform?
A. exhibiting products
B. grading products
C. production of goods
D. providing goods
Numerous individuals receive credit from local stores.
What is the name of this?
A. cash reduction
6. Problems with defective products have led to the expansion of
Consumer protection is A.
C. mail order.
D. persuasive advertising.
The WAEC Commerce Expo/Runs 2023/2024 for the WAEC SSCE
Students who are prepared should be concerned about passing Commerce for the last time. Are you a member of this group? Remember to adhere to the below directions.
The WAEC 2023/2024 is fairly straightforward; relax and approach it confidently. In addition, some applicants fail the WAEC not because they lack intelligence or intelligence, but because they lack knowledge.
If you want to do it yourself, enter the following information:
Positive outlook: avoid negative businesses
Set good targets and plans
Purchase suggested books for the WAEC
Get waec commerce previous questions:
Initial preparation for the waec
Do not omit illustrations and exercises:
Practice every day
Recreation is essential
Attend waec 2022 courses.
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