Commerce WAEC 2025 Questions And Answers

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Commerce WAEC 2025 Questions And Answers

Question 1:(a)  Distinguish between manufacturing and construction.

(1a)
Manufacturing is the process of producing goods in factories using machines and labor, usually in a controlled, repetitive, and standardized environment.

WHILE

Construction is the process of building structures on-site, often involving unique designs and adapting to site-specific conditions.

Question 1: (b) State four advantages of e-commerce.

(PICK FOUR ONLY)
(i) Global Reach: E-commerce allows businesses to reach customers worldwide, breaking geographical barriers.
(ii) 24/7 Availability: Online stores operate around the clock, offering convenience to customers at any time.
(iii) Cost Reduction: Lower operating costs compared to physical stores due to reduced need for rent, utilities, and in-store staff.
(iv) Faster Transactions: Purchases and payments can be completed quickly online, improving customer satisfaction.
(v) Personalized Marketing: Businesses can use customer data to offer personalized recommendations and promotions.
(vi) Broader Product Range: Online platforms can display more products than physical stores, without space limitations.
(vii) Improved Inventory Management: Automation tools in e-commerce help manage inventory more efficiently.
(viii) Easy Access to Customer Feedback: Reviews and ratings provide valuable insights to improve products and services.

Question (1c): State four functions of commerce

(PICK FOUR ONLY)
(i) Exchange of Goods and Services: Facilitates buying and selling activities between producers and consumers.
(ii) Transportation: Ensures the movement of goods from producers to markets and consumers.
(iii) Warehousing: Provides storage facilities to preserve goods until they are needed for sale.
(iv) Banking: Offers financial services such as credit, loans, and payment systems to support trade.
(v) Insurance: Protects businesses against risks like theft, damage, or loss of goods.
(vi) Advertising: Promotes products and services to inform and attract customers.
(vii) Communication: Enables quick and efficient exchange of information in business transactions.
(viii) Financing: Provides capital needed for production, transportation, and marketing of goods.

Question (2ai): Differentiate between the following terms:

(i) cartel and consortium. 

A cartel is an agreement between competing firms to control prices or limit production, while a consortium is a group of independent companies that collaborate on a specific project or venture without restricting competition.

(ii) holding company and subsidiary company.

A holding company is a firm that owns a controlling interest in one or more other companies, while a subsidiary company is a company that is controlled and partly or wholly owned by the holding company.

Question (2bi): Abu and Saul are sole proprietors. Abu suggested to Saul for their businesses to be merged into a partnership.

(i) List four sources of finance that could be available to the partnership.

(PICK FOUR ONLY)
(i) Personal savings
(ii) Bank loans
(iii) Trade credit
(iv) Retained earnings
(v) Government grants
(vi) Hire purchase
(vii) Leasing
(viii) Venture capital

(ii) State four reasons Saul may be reluctant to accept the merger

(PICK FOUR ONLY)
(i) Loss of control: Saul may be reluctant to merge due to the fear of losing full control over his business decisions.
(ii) Unequal profit sharing: Saul might be concerned that the profit-sharing arrangement in the partnership could be unequal or unfavorable to him.
(iii) Risk of conflicts: Saul could fear that differences in management styles or disagreements with Abu may lead to conflicts in the partnership.
(iv) Financial uncertainty: The merger may introduce financial risks, and Saul might be uncertain about the financial stability of the new partnership.
(v) Liability concerns: Saul may be worried about the joint liability in a partnership, where he could be held personally responsible for debts or legal issues.
(vi) Change in business culture: Saul might be concerned that merging with Abu could disrupt the established culture of his business.
(vii) Loss of independence: As a sole proprietor, Saul is used to making decisions on his own and may be reluctant to share decision-making authority in a partnership.
(viii) Legal and administrative complexities: Saul could be hesitant due to the legal paperwork, tax implications, and administrative changes that would come with forming a partnership.

Question (3a): Country X established a Council that would be tasked with the responsibility of increasing the sale of local products in foreign markets.

(a) Name the organization formed by country X.

The organization formed by Country X is called the Trade Promotion Council.

Question (3b): State four functions that the organization named in 3(a) would perform.

(PICK FOUR ONLY)
(i) Market Research and Analysis: The council conducts research on international markets to identify demand trends, consumer preferences, and competitive products. This helps local producers adapt their goods to suit foreign markets.
(ii) Promotion of Local Products Abroad: It organizes trade fairs, exhibitions, and promotional campaigns in foreign countries to showcase and advertise locally manufactured goods.
(iii) Facilitating Export Training and Education: The council provides training programs and workshops to local businesses on export procedures, documentation, packaging standards, and international trade laws.
(iv) Advising Government on Export Policy: It advises the government on trade policies, tariffs, and incentives that can help boost exports and make local products more competitive globally.
(v) Linking Exporters to Foreign Buyers: The council acts as a bridge between local producers and foreign importers by facilitating business matchmaking and networking opportunities.
(vi) Quality Control and Standardization Support: It helps local manufacturers meet international quality standards and certifications required for exporting goods to specific markets.
(vii) Assisting in Overcoming Trade Barriers: The council supports exporters in dealing with non-tariff barriers, such as customs regulations and product testing requirements in foreign countries.
(viii) Providing Financial and Logistical Support: It may assist with financing export activities, insurance, shipping logistics, and accessing government export grants or subsidies.

Question (3c): State five reasons country X engages in foreign trade.

(PICK FIVE ONLY)
(i) To Earn Foreign Exchange: Foreign trade allows Country X to sell goods and services abroad and earn foreign currency, which is essential for international transactions and economic stability.
(ii) To Access Goods Not Produced Locally: By engaging in trade, Country X can import goods that are not available domestically due to a lack of natural resources, technology, or expertise.
(iii) To Acquire Advanced Technology: Foreign trade enables Country X to import modern machinery, tools, and technological know-how that can help boost domestic productivity and industrial development.
(iv) To Expand Market for Local Products: Selling goods abroad provides a larger market for locally produced items, increasing production, employment, and national income.
(v) To Promote Industrial Growth: Trade encourages investment in local industries, as producers can benefit from access to raw materials and markets for their finished products.
(vi) To Foster International Relations: Engaging in trade builds diplomatic and economic relationships with other countries, leading to cooperation in other areas like education, defense, and culture.
(vii) To Stabilize Prices: Foreign trade helps balance supply and demand. Surplus products can be exported to avoid domestic price drops, while scarce goods can be imported to prevent inflation.
(viii) To Encourage Competition and Innovation: Exposure to global markets encourages domestic producers to improve quality, reduce costs, and innovate to compete internationally.

Question (4a): State five reasons for the survival of small retail businesses.

(PICK FIVE ONLY)
(i) Personalized customer service: Small retailers often offer friendly and individualized attention that builds strong customer loyalty.
(ii) Convenient location: They are usually located close to residential areas, making them easily accessible to local consumers.
(iii) Flexible credit facilities: Small retailers may offer goods on credit or flexible payment terms, attracting regular customers.
(iv) Low operating costs: They often have lower overhead costs compared to larger businesses, allowing them to survive on smaller profit margins.
(v) Quick decision-making: The owner can make immediate decisions without needing approval from multiple levels of management.
(vi) Variety of goods: Small retailers often stock goods based on customers’ specific needs and preferences in their community.
(vii) Adaptability: They can quickly adjust to changes in customer demands and market trends.
(viii) Cultural or community ties: Strong relationships with the local community encourage continued support and loyalty.

Question (4b): Outline five ways a country can correct its balance of payment deficit.

(PICK FIVE ONLY)
(i) Export promotion: Encouraging the production and sale of goods and services to foreign markets to increase foreign exchange earnings.
(ii) Import restriction: Imposing tariffs, quotas, or bans on certain imports to reduce foreign exchange spending.
(iii) Currency devaluation: Lowering the value of the national currency to make exports cheaper and imports more expensive.
(iv) Encouraging foreign investment: Attracting foreign direct investment (FDI) to increase the inflow of foreign currency.
(v) Seeking foreign aid or loans: Obtaining financial assistance from international organizations or other countries to support the BOP.
(vi) Promoting tourism: Developing the tourism sector to attract foreign tourists and earn foreign exchange.
(vii) Diversifying exports: Expanding the range of export products to reduce dependence on a few commodities.
(viii) Improving domestic production: Increasing local production to reduce reliance on imported goods.

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Is the Commerce WAEC 2025 Expo Runz Real?

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We deliver legit WAEC Commerce questions and answers 2025, WAEC Commerce Answers 2025, WAEC Commerce Expo 2025, 2025 WAEC Commerce Chokes, 2025 WAEC Commerce Expo, and 2025 WAEC Commerce dubs to our subscribed members only.

We have assist plenty WAEC Commerce subscribers and get  A1 in Commerce in 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, and 2025 will not be exceptional.

With our strategy as applied to all 2025 WAEC candidates, it’s going to be much better as both questions and answers would be delivered to your WhatsApp Dm 4 hours before the exam or At Midnight for the WAEC Commerce Answers 2025, WAEC Commerce Expo 2025, 2025 WAEC Commerce Runz, Commerce WAEC 2025 Questions and Answers, 2025 WAEC Commerce Chokes, 2025 WAEC Commerce Dubs.

How to Get the WAEC Commerce Expo 2025

If you are looking for the WAEC Commerce Expo 2025, then you have come to the right place! At Bestexamhub.com.ng, we provide the best answers and questions for the WAEC Commerce Expo 2025. So no matter what questions your exam will have, we have got you covered.

Our Waec Commerce Expo 2025 will help you get ready and succeed in your exam. We have experts who specialize in the subject area, so they are always up to date with the current trends and topics.

This means that our questions and answers will be accurate and reliable, giving you peace of mind during your exam preparation.

We also offer great discounts and packages so that everyone can access our resources without any financial worry. With our WAEC Commerce Expo 2025, you can get prepared without breaking the bank! So visit Bestexamhub.com.ng today for your perfect WAEC Maths expo experience.

How to Pay for Commerce WAEC 2025 Theory and Objective Questions and Answers.

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Conclusion

With the WAEC Commerce Expo 2025 now available, you can be sure that you have all the answers to any questions you have about the upcoming WAEC Commerce exams. Whether you are a student, teacher, or parent; you can find the answers to all your questions in our comprehensive collection of questions and answers. We understand that this can be a crucial make-or-break year, so we want to make sure everyone is prepared and knowledgeable. Take the time to review the questions and answers so you can make the most out of your WAEC Commerce exam.

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Commerce WAEC  Past uestions And Answers

Question 1:

(1a)

(1b)
-Finance Department:
(i) Preparing financial budgets, forecasts, and plans to ensure the company operates within its means and achieves its financial goals.
(ii) Managing financial records, producing financial statements, and ensuring compliance with financial regulations and standards.

-Marketing Department:
(i) Conducting market research to understand customer needs, market trends, and the competitive landscape to inform marketing strategies.
(ii) Developing and implementing sales strategies and promotional campaigns to drive sales and increase market share.

-Production Department:
(i) Planning and organizing production schedules to ensure timely and efficient manufacturing of products.
(ii) Implementing quality control measures to maintain high standards in the production process and ensure the final product meets quality specifications.

-Administration Department:
(i) Managing recruitment, training, employee relations, and performance evaluations to ensure a competent and motivated workforce.
(ii) Overseeing the maintenance and operations of company facilities, ensuring a safe and productive work environment.

Question 2:

(2a)
-CONTENTS OF MEMORANDUM OF ASSOCIATION-
(PICK ANY FIVE)
(i) Name of the company
(ii) Registered office
(iii) Objects of the company
(iv) Liability of members
(v) Authorized share capital
(vi) Capital clause

-CONTENTS OF ARTICLES OF ASSOCIATION-
(PICK ANY FIVE)
(i) Management of the company
(ii) Appointment of directors
(iii) Meetings and voting
(iv) Distribution of profits
(v) Borrowing powers
(vi) Amendment of articles

(2b)
(PICK ANY FIVE)
(i) Political Interference: Government influence in decision-making, which may compromise independence.
(ii) Bureaucracy and Red Tape: Slow and inefficient administrative processes, leading to delays and inefficiencies.
(iii) Lack of Profit Motive: Public corporations do not operate for profit, which can lead to lack of motivation and complacency.
(iv);Funding Challenges: Limited access to capital compared to private companies, affecting growth and competitiveness.
(v) Labor Relations: Potential for strained relationships with unions due to government regulations and accountability.
(v) Public Scrutiny and Criticism: Constant media and public attention can create pressure and limit flexibility in decision-making.

Question 3:

(3a)
(PICK ANY FIVE)
(i) Age and Education: Verify the applicant’s age and educational qualifications to assess their maturity and financial literacy.
(ii) Employment and Income: Determine the applicant’s employment status, income level, and employment history to evaluate their ability to repay the loan.
(iii) Collateral or Guarantees: Assess if the applicant has any collateral or guarantees to offer as security for the loan.
(iv) Purpose of the Loan: Determine the specific purpose of the loan to ensure it aligns with the bank’s lending policies and the applicant’s financial needs.
(v) Credit History: Check the applicant’s credit history to evaluate their previous borrowing and repayment behaviors.
(vi) Business Plan (if applicable): If the loan is for a business venture, the bank manager will review the applicant’s business plan to assess its viability and potential for success.

(3b)
(PICK ANY FIVE)
(i) Insufficient Funds: The bank account does not have enough funds to cover the amount of the check.
(ii);Stale Check: The check is older than six months and considered expired.
(iii) Unauthorized Signatory: The check is not signed by an authorized party in accordance with the bank’s records.
(iv) Forged Signature: The signature on the check does not match the customer’s signature on file with the bank.
(v) Stopped Payment: The customer has requested the bank to stop payment on the check before it is presented.
(vi) Account Closed: The customer’s bank account has been closed before the check is presented.

Question 4:

(4a)
(PICK ANY FIVE)
(i) Traveling Merchants: Itinerate traders are merchants who travel from place to place, selling their goods or services.
(ii) Temporary Locations: Itinerate traders set up their stalls or shops in temporary locations, such as markets, fairs, or roadside stops.
(iii) Diverse Products: Itinerate traders often sell a variety of products, including food, clothing, tools, and crafts.
(iv) Limited Inventory: Itinerate traders typically have a limited inventory due to the challenges of transportation.
(v) Seasonal Nature: Itinerate trade is often seasonal, occurring during specific times of the year or at special events.
(vi) Face-to-Face Interaction: Itinerate traders have direct face-to-face interactions with their customers, allowing for personalized service.

(4b)
(PICK ANY FIVE)
(i) Large Assortment of Products: Supermarkets offer a wide variety of food, household items, and other products.
(ii) Self-Service Shopping: Customers browse and select products from the shelves without assistance.
(iii) Centralized Location: Supermarkets are typically located in convenient areas, such as shopping centers or busy urban areas.
(iv) Large Floor Space: Supermarkets have large floor spaces to accommodate the extensive product offerings and customer traffic.
(v) Modern Infrastructure: Supermarkets are equipped with modern refrigeration, lighting, and checkout systems.
(vi) Competitive Pricing: Supermarkets often offer competitive prices due to their economies of scale and bulk purchasing.

Question 5:

(5ai)
A Factor: is a financial intermediary that provides financing and other services to businesses by purchasing their accounts receivable. WHILE Broker, Is an individual or firm that acts as an intermediary between buyers and sellers in financial markets, facilitating the purchase and sale of securities, commodities, or other assets.

(5aii)
Stock Exchang, is an organized marketplace where shares of public companies are traded among investors. WHILE Commodity Exchange, is an organized marketplace where commodities, such as agricultural products, metals, and energy, are traded among producers, consumers, and investors.

(b) State five features of a supermarket.

(5b)
(i) Open Outcry: A trading method where traders gather on a trading floor and verbally shout bids and offers to execute transactions.
(ii) Futures Contract: A standardized contract that obligates the buyer to buy or the seller to sell a specified quantity of a commodity at a set price on a future date.
(iii) Clearing System: A central organization that facilitates the settlement of futures contracts by matching buyers and sellers, ensuring the fulfillment of obligations and mitigating risk.
(iv) Pit Outcry: A specific area on the trading floor where open outcry trading takes place. Traders stand in designated pits and communicate through hand signals and verbal exclamations to execute trades.

Question 6:

(6a)
(PICK ANY FOUR)

(i)Non-Delivery or Delay: If Digital Trading Limited fails to deliver the 200 computers within the stipulated 30 days, Mr. Konteh may choose to cancel the agreement due to breach of delivery terms.

(ii)Quality Issues: If the computers delivered do not meet the specified quality standards or are found to be defective, Mr. Konteh can cancel the agreement based on non-conformity to the agreed specifications.

(iii)Payment Issues: If Mr. Konteh fails to make the payment as agreed upon, Digital Trading Limited may cancel the agreement due to non-fulfillment of financial obligations.

(iv)Mutual Agreement: Both parties can mutually agree to cancel the contract if circumstances change, making the completion of the contract undesirable or impractical for either party.

(v)Force Majeure: Unforeseen events such as natural disasters, political instability, or other significant disruptions that prevent the fulfillment of the contract can lead to its cancellation.

(6b)
(PICK ANY FOUR)

(i)Offer and Acceptance: The agreement must include a clear offer from Digital Trading Limited to supply 200 computers at D10,000 each, and an explicit acceptance of this offer by Mr. Konteh.

(ii)Consideration: This refers to something of value that is exchanged between the parties. In this case, the consideration is the payment of D10,000 per computer by Mr. Konteh to Digital Trading Limited

(iii)Intention to Create Legal Relations: Both parties must have the intention to enter into a legally binding agreement. This intention is typically evidenced by the formal nature of the agreement and the serious nature of the transaction.

(iv)Capacity: Both Digital Trading Limited and Mr. Konteh must have the legal capacity to enter into the contract. This means they must be of sound mind, not minors, and not disqualified by law

(v)Legal Purpose: The purpose of the agreement must be legal. Supplying and purchasing computers is a lawful activity, thus fulfilling this requirement.

(vi)Certainty and Completeness: The terms of the agreement must be clear and complete, with no ambiguity. This includes the number of computers (200), the price per computer (D10,000), and the delivery timeline (within 30 days).

Question 7:

Explain the following terms as used in the commodity market:

(i) Open outcry

(ii) Clearing house

(iii) Delivery system

(iv) Pit trading

(v) Futures

(7a)
Deregulation is the reduction or elimination of government regulations and restrictions on an industry or sector WHILE Commercialization is the process of converting a government-owned or controlled enterprise into a privately owned and operated business.

(7bi)
Privatization

(7bii)
(PICK ANY FIVE)
(i) Improve Efficiency and Competitiveness: Private ownership often leads to increased efficiency and cost-effectiveness due to market competition and profit motives.
(ii) Reduce Government Deficit: Privatization can generate revenue for the government, reducing its fiscal burden and freeing up funds for other essential services.
(iii) Limit Government Involvement: Privatization allows the government to focus on its core responsibilities and reduce its role in areas that can be better managed by the private sector.
(iv) Promote Economic Growth: Private investment and innovation can stimulate economic growth and create new jobs.
(v) Enhance Consumer Choice: Privatization can lead to increased competition and a wider range of choices and services for consumers.
(vi) Reduce Corruption: Government-owned enterprises can be prone to corruption and mismanagement. Privatization can introduce greater transparency and accountability.

Whether Your Village People Likes or Not, With Bestexamhub Solutions, A1 Must Locate You. Thank your Stars for finding the best WAEC Expo site for 2025 May/June General Commerce Essay and Objectives obj Questions and Answers, WAEC Commerce Expo 2025 and 2025 WAEC Commerce Runz (runs).

Is the Commerce WAEC 2025 Expo Runz Real?

The Commerce WAEC 2025 Runz is 100% legit and can be obtained only at Bextexamhub.com.ng. We are the home of excellent WAEC results.

We deliver legit WAEC Commerce questions and answers 2025, WAEC Commerce Answers 2025, WAEC Commerce Expo 2025, 2025 WAEC Commerce Chokes, 2025 WAEC Commerce Expo, and 2025 WAEC Commerce dubs to our subscribed members only.

We have assist plenty WAEC Commerce subscribers and get  A1 in Commerce in 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, and 2025 will not be exceptional.

With our strategy as applied to all 2025 WAEC candidates, it’s going to be much better as both questions and answers would be delivered to your WhatsApp Dm 4 hours before the exam or At Midnight for the WAEC Commerce Answers 2025, WAEC Commerce Expo 2025, 2025 WAEC Commerce Runz, Commerce WAEC 2025 Questions and Answers, 2025 WAEC Commerce Chokes, 2025 WAEC Commerce Dubs.

How to Get the WAEC Commerce Expo 2025

If you are looking for the WAEC Commerce Expo 2025, then you have come to the right place! At Bestexamhub.com.ng, we provide the best answers and questions for the WAEC Commerce Expo 2025. So no matter what questions your exam will have, we have got you covered.

Our Waec Commerce Expo 2025 will help you get ready and succeed in your exam. We have experts who specialize in the subject area, so they are always up to date with the current trends and topics.

This means that our questions and answers will be accurate and reliable, giving you peace of mind during your exam preparation.

We also offer great discounts and packages so that everyone can access our resources without any financial worry. With our WAEC Commerce Expo 2025, you can get prepared without breaking the bank! So visit Bestexamhub.com.ng today for your perfect WAEC Maths expo experience.

How to Pay for Commerce WAEC 2025 Theory and Objective Questions and Answers.

If You Want us To Assist You In Supplying Night Questions and Answers For The 2025 Waec Commerce Essay And Objectives (obj) Runz, Expo, dubs, chokes Questions and Answers. You will need to Subscribe with Us.

We Have 2 methods of sending questions and answers to Students, Teachers, Principals, and School Owners.

Password & LINK: N1000

Password And LINK mean The Pin to access our answer page Link online via our answer page. Immediately after we confirm your subscription. The pin will be sent to you to access our answers. Answers are sent to our subscribers A Night before the exam.

WhatsApp Delivery: N1000

Whatsapp delivery is one of the best and fastest method of getting questions and answers. The questions and answers will be sent to you direct on WhatsApp after we confirmed your subscription. We will send both questions and answers to only our Subscribers A Night before the exam. Ensure you Save Our WhatsApp number; 08023429251.

HOW TO MAKE THE PAYMENT FOR THE WAEC Commerce EXPO 2025

We accept MTN Card Payments OR Bank Transfer

PAYMENT THROUGH MTN RECHARGE CARD:

SEND THE FOLLOWING MTN CARD + SUBJECT + PHONE NUMBER TO 08023429251 AS TEXT MESSAGE ONLY: 08023429251 Only

• MTN-CARD
• AMOUNT PAID
• EXAM NAME
• PHONE NUMBER
• SUBJECTS

PAYMENT THROUGH BANK:

Chat Us On WhatsApp for our Account Num: 08023429251

Text “I need Bank details”

NOTE:

• All SMS or Whatsapp messages sent to our number 08023429251 are attended to, our phone number Might Be Diverted To Avoid Distraction so no need to panic just relax and wait for our confirmation once you subscribe.
• Ensure to Subscribe A Day Before Each Exam. After Payment Relax and Wait For Your Pin.
• Please avoid calling us, No Sending Fake MTN CARD. Send us Text Messages or Whatsapp Messages only
• No FREE Answers on this Page

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BEST Site for WAEC Expo 2025 | WAEC Runz 2025

Breaking! WAEC releases 2024 GCE SSCE Second Series results

BEST Site for NECO Expo 2025 | NECO Runz 2025

Conclusion

With the WAEC Commerce Expo 2025 now available, you can be sure that you have all the answers to any questions you have about the upcoming WAEC Commerce exams. Whether you are a student, teacher, or parent; you can find the answers to all your questions in our comprehensive collection of questions and answers. We understand that this can be a crucial make-or-break year, so we want to make sure everyone is prepared and knowledgeable. Take the time to review the questions and answers so you can make the most out of your WAEC Commerce exam.

Be among Our Yearly Thousands of Successful Candidates this year. Give us a one-time trial and see for yourself!

100% REFUND OF YOUR MONEY IF OUR ANSWERS ARE NOT DELIVERED TO YOUR SATISFACTION.