Commerce

JAMB WAEC NECO Post-UTME

Senior secondary Commerce for WAEC, NECO and Post-UTME: the nature and scope of commerce, home and foreign trade and their documentation, the aids to trade — banking, insurance, transport, warehousing and communication — and the organisation, ownership and financing of business enterprises in Nigeria.

Try Level 1 free — no account needed

Levels

1 Nature of Commerce & Production
2 Home Trade
3 Foreign Trade & Documentation
4 Aids to Trade
5 Business Organisations & Finance

Topics covered

Nature and Scope of Commerce Occupations and Production Home Trade: Retail and Wholesale Foreign Trade Documents and Terms of Trade Banking Insurance Transport Communication Advertising Warehousing Business Units Financing Business The Stock Exchange Money and the Nigerian Financial System Consumer Protection Trade Associations and Economic Groupings E-commerce

Try a sample question

A taste of what's inside — original Commerce practice, free, no account needed.

1. The exchange of goods for goods without the use of money is called:

A. trade by barter

B. home trade

C. retail trade

D. hire purchase

Explanation: Barter is the direct exchange of one good or service for another, without money changing hands.

2. Which of these is an aid to trade?

A. manufacturing

B. insurance

C. farming

D. mining

Explanation: Insurance, banking, transport, warehousing, communication and advertising are all "aids to trade" that support commerce.

3. A person who buys goods in bulk from producers and sells smaller quantities to retailers is a:

A. retailer

B. wholesaler

C. consumer

D. hawker

Explanation: A wholesaler buys in bulk from producers or manufacturers and sells smaller quantities on to retailers.

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