JAMB and WAEC Commerce questions: Home trade: retail and wholesale

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

All topics Advertising and marketing · 32 Business management and environment · 32 Commerce and its scope · 31 Communication · 33 Computers and ICT in business · 29 Consumer protection · 30 Documents used in trade · 34 Elements of commercial law · 31 Financing a business · 32 Foreign trade · 40 Forms of business organisation · 40 Home trade: retail and wholesale · 40 Insurance · 39 Money and banking · 40 Occupation and production · 33 The stock exchange · 34 Transport · 33 Warehousing · 28

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· JAMB
A trader who buys goods in bulk from manufacturers and sells in smaller quantities to retailers is a
Explanation and discussion
Question 6· Home trade: retail and wholesale· JAMB
Chain stores that sell the same kind of goods in many towns under one owner are also called
Explanation and discussion
Question 7· Home trade: retail and wholesale· JAMB
Cash discount is given mainly to encourage
Explanation and discussion
Question 8· Home trade: retail and wholesale· WAEC
Hawking is a form of
Explanation and discussion
Question 9· Home trade: retail and wholesale· JAMB
A wholesaler performs the function of
Explanation and discussion
Question 10· Home trade: retail and wholesale· JAMB
A trader buys goods listed at ₦40,000 less 10% trade discount. How much does he pay?
Explanation and discussion
Question 11· Home trade: retail and wholesale· JAMB
The elimination of the wholesaler is most likely when
Explanation and discussion
Question 12· Home trade: retail and wholesale· JAMB
Which of these is a service rendered by the wholesaler to the manufacturer?
Explanation and discussion
Question 13· Home trade: retail and wholesale· WAEC
A middleman who buys in bulk from manufacturers and sells to retailers is a
Explanation and discussion
Question 14· Home trade: retail and wholesale· JAMB
Which of these is a function of the retailer to the consumer?
Explanation and discussion
Question 15· 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 16· Home trade: retail and wholesale· JAMB
A disadvantage of the small-scale retailer is
Explanation and discussion
Question 17· Home trade: retail and wholesale· WAEC
In a supermarket, customers usually pay for the goods they have picked at the
Explanation and discussion
Question 18· Home trade: retail and wholesale· WAEC
A chain of shops with the same appearance, owned by one company, is called
Explanation and discussion
Question 19· Home trade: retail and wholesale· JAMB
A multiple shop is
Explanation and discussion
Question 20· Home trade: retail and wholesale· JAMB
After-sales service is provided by retailers to
Explanation and discussion

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JAMB and 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

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

Chain stores that sell the same kind of goods in many towns under one owner are also called

Cash discount is given mainly to encourage

Hawking is a form of

A wholesaler performs the function of

A trader buys goods listed at ₦40,000 less 10% trade discount. How much does he pay?

The elimination of the wholesaler is most likely when

Which of these is a service rendered by the wholesaler to the manufacturer?

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

Which of these is a function of the retailer to the consumer?

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

A disadvantage of the small-scale retailer is

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 multiple shop is

After-sales service is provided by retailers to