WAEC Commerce questions: Home trade: retail and wholesale

19 questions with answers and explanations. Tap an option to check yourself.

All topics Advertising and marketing · 16 Business management and environment · 15 Commerce and its scope · 16 Communication · 17 Computers and ICT in business · 15 Consumer protection · 16 Documents used in trade · 18 Elements of commercial law · 16 Financing a business · 16 Foreign trade · 19 Forms of business organisation · 19 Home trade: retail and wholesale · 19 Insurance · 18 Money and banking · 19 Occupation and production · 17 The stock exchange · 17 Transport · 16 Warehousing · 15

Question 1· Home trade: retail and wholesale· WAEC
A wholesaler buys goods in bulk from manufacturers and sells them to
Explanation and discussion
Question 2· Home trade: retail and wholesale· WAEC
A supermarket operates mainly on the principle of
Explanation and discussion
Question 3· Home trade: retail and wholesale· WAEC
Hire purchase allows a buyer to
Explanation and discussion
Question 4· Home trade: retail and wholesale· WAEC
A reason the wholesaler may be eliminated is that
Explanation and discussion
Question 5· Home trade: retail and wholesale· WAEC
Hawking is a form of
Explanation and discussion
Question 6· Home trade: retail and wholesale· WAEC
A middleman who buys in bulk from manufacturers and sells to retailers is a
Explanation and discussion
Question 7· Home trade: retail and wholesale· WAEC
A trader who buys in large quantities from manufacturers and sells in smaller quantities to retailers is a
Explanation and discussion
Question 8· Home trade: retail and wholesale· WAEC
In a supermarket, customers usually pay for the goods they have picked at the
Explanation and discussion
Question 9· Home trade: retail and wholesale· WAEC
A chain of shops with the same appearance, owned by one company, is called
Explanation and discussion
Question 10· Home trade: retail and wholesale· WAEC
A shop that sells a wide variety of goods in separate sections under one roof is a
Explanation and discussion
Question 11· Home trade: retail and wholesale· WAEC
Bola carries groceries on a tray and sells them along the streets of Ibadan. She is
Explanation and discussion
Question 12· Home trade: retail and wholesale· WAEC
Itinerant traders are traders who
Explanation and discussion
Question 13· Home trade: retail and wholesale· WAEC
Which of these is a large-scale retail outlet?
Explanation and discussion
Question 14· Home trade: retail and wholesale· WAEC
A credit sale differs from hire purchase in that under a credit sale
Explanation and discussion
Question 15· Home trade: retail and wholesale· WAEC
Mail order businesses sell goods through
Explanation and discussion
Question 16· Home trade: retail and wholesale· WAEC
A disadvantage of eliminating the wholesaler is that
Explanation and discussion
Question 17· Home trade: retail and wholesale· WAEC
A chain store is also known as a
Explanation and discussion
Question 18· Home trade: retail and wholesale· WAEC
Breaking bulk is a function of the
Explanation and discussion
Question 19· Home trade: retail and wholesale· WAEC
A drawback of hire purchase to the buyer is that
Explanation and discussion

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WAEC Commerce questions: Home trade: retail and wholesale

A wholesaler buys goods in bulk from manufacturers and sells them to

A supermarket operates mainly on the principle of

Hire purchase allows a buyer to

A reason the wholesaler may be eliminated is that

Hawking is a form of

A middleman who buys in bulk from manufacturers and sells to retailers is a

A trader who buys in large quantities from manufacturers and sells in smaller quantities to retailers is a

In a supermarket, customers usually pay for the goods they have picked at the

A chain of shops with the same appearance, owned by one company, is called

A shop that sells a wide variety of goods in separate sections under one roof is a

Bola carries groceries on a tray and sells them along the streets of Ibadan. She is

Itinerant traders are traders who

Which of these is a large-scale retail outlet?

A credit sale differs from hire purchase in that under a credit sale

Mail order businesses sell goods through

A disadvantage of eliminating the wholesaler is that

A chain store is also known as a

Breaking bulk is a function of the

A drawback of hire purchase to the buyer is that