• Home
  • exam expo
  • 2020/2021 WAEC/NECO Answers: 2020 WAEC Commerce ANSWERS

2020/2021 WAEC/NECO Answers: 2020 WAEC Commerce ANSWERS



+234 8108515604exampoint2015@gmail.com
+234 810851560408108515604

Notice
Our 2021 WAEC Expo Subscription for answers supply ends by Sunday Night. Note: we don't accept calls.
Login Subscribe Join


Literature-In-English 3 (Drama & Poetry) 2:00p.m. 4:30 p.m

This is actually the 2019 WAEC Commerce ANSWERSAnswers as questions sent to our subscribers on WHATSAPP, if you are looking for 2020 WAEC/NECO Answers midnight before the exam, try contacting us.


(5a)
(i)Television
(ii)Radio
(iii)Newspaper
(iv)Cinema
(v)Window display
(vi)Samples

(5b)
Personal selling can be defined as an oral presentation in a conversation with one or more potential buyers for the purpose of making sales.The aim is to inform and encourage the customer to buy or at least try the product

(5c)
ADVANTAGES:
(i)It arouses interest of buyers:This is because the buyer will be given the opportunity to ask question about the suitability of the product
(ii)It creates product awareness:The product will be popular among the customers or consumers
(iii)product information gathered from personal contact can be used to develop product preferences based on consumer needs
(iv)Personal selling enables inputs at individual level to be gathered by the company executives which non personal cannot do

DISADVANTAGES:
(i)It is a relatively expensive method of selling.This is so because high capital costs are required
(ii)It is an extremely labour intensive method:it requires a lot of labour to perform the personal selling

================================================

(6a)
Adverse or deficit balance of payment

(6b)
(i)Foreign exchange control:Foreign exchange control involves the rationing foreign exchange in order to reduce balance of payment deficit
(ii)Expenditure reduction:This is used in order to cut down domestic demand and reduce imports
(iii)Expenditure switching:This involves the manipulation of exchange rates to induce people to patronize locally made goods.
(iv)Fiscal control:This involves the raising of tariffs ie increase import duties in order to reduce balance f payment deficit
(v)Devaluation:Devaluation cheapens exports and makes imports expensive,thus improving balance of payments
(vi)Reduction of imports: The government can restricts imports by the use of tariffs,quotas and outright embargo on imports


(4a)
(i) It results in increase in agricultural production
(ii) It brings about stabilization in agricultural product pricing
(iii) It improves agricultural output and quality

(4b)
(i) Open outery: This is a tradition method of trading on commodities. It involves the use of natural voices, and other means like whistles, bells, trumpets, and flutes, etc to make the availability of certain commodities known to certain buyers.
(ii) Electronic means: This involves the use computer system to trade either nationally or internationally. The computer system enables the traders to do business successfully. The computer provides useful information on how buyers and sellers can communicate on all matters that borders on tradable commodities.

(4c)
(i) Grading system
(ii) Warehousing
(iii) Clearing system
(iv) Standardizing





(1a)
(i) Accountant
(ii) Banker
(iii) Company secretary
(iv) Advertising agent

(1b)
(i)He organises and cordinates other factors of production.
(ii)He provides capital needed.

(1c)
(i) Extractive industry : This is the industry that involves in bringing out natural resources from land and sea. Examples: Farmers and fishermen.

(ii) Constructive Industry : It is the type of industry that involves in assembling of manufactured products into usable forms. Tailors and bricklayers.

(iii) Manufacturing Industry : This industry involves in conversion of raw materials to finished goods eg limestone to cement and cotton to textile materials.

(iv) Tertiary Industry : This industry refers to all the people involved in the distribution and exchange of goods produced by the industrial sector eg transporters, exporters.


====================================

®(8)
15 cartons of sweets @ N2,000 per carton
= 15 x 2000 = N30,000
25 cartons of milk @ N4000 per carton
= 25 x 4000 = N100,000
154 cartons of sugar @ N3,000 per carton
= 15 x 3000 = N45,000
17 cartons of soap @ N5,000 per carton
= 17 x 5,000 = N85,000

(i) Total cost price
= 30000
100000
45000
85000
= N260,000
Les 10% trade discount = 10% x 260,000
= N26,000
Invoice price = 26,000
- (26,000)/134,000
Less 6% cash discount (8,040)
Cash paid N125,960

(ii) mark up = profit/cost price x 100/1
Therefore 20/100 = profit/125960
Therefore gross profit = 125,960 x 20/100 = N25,192
Selling price = cost price + Gross profit
= 125,960 + 25192 = N151,152

(iii) Net profit
Gross profit – Expense
Total Expanses
Rent and rates = N3,500
Salaries and wages = N8,000
Fuel = N2,000
Electricity = N1,500
= N15,000
Net Profit = 25,192 – 15,000
= N10,192






How do I get 2020 WAEC Commerce ANSWERSBEFORE THE EXAM?
. You can get 2020/2020 Exam answers directly from examplaza.com, visit HERE NOW
Tags:

WEBSITE: Related Posts

FQA - Nigeria NECO Answers WEBSITE

Can I use NECO GCE to enter university?

You can use WAEC GCE, NECO GCE, NABTEB GCE to gain admission into UNILAG. And any possible combination is acceptable by the university.

You can use WAEC GCE, NECO GCE, NABTEB GCE to gain admission into UNILAG. And any possible combination is acceptable by the university.Feb 5, 2020

Is Neco better than GCE?

Why Waec Gce is Far better than Neco Gce. ... 2: Grading: The marking scheme of Neco is totally different from that of Waec Gce and mostly students prefer writing Waec gce than that of Neco , Have you heard about C Parallel slogan, Student now call some board Exam Parallel Examination.

waec expo runs is real. WAEC Answers, NECO ANSWERS and GCE answers comes a night before exam or Hours before exam

Does Waec result expire after 5 years?

The fact is your O'level result; be it WAEC , NECO or NABTEB is valid for a life time and has no expiration date. The Examination conducted by these examination bodies is known as ?achievement test? and therefore the certificates awarded are valid forever.

The fact is your O'level result; be it WAEC , NECO or NABTEB is valid for a life time and has no expiration date. The Examination conducted by these examination bodies is known as ?achievement test? and therefore the certificates awarded are valid forever.

Can I gain admission with NECO result?

Yes. You can gain admission into any institution in Nigeria with your NECO result. This is because, NECO is a national examination body, which is is responsible for conducting examination for students who are aspiring to further their education to tertiary level in Nigeria. ... They all accept NECO results in Nigeria.

Yes. You can gain admission into any institution in Nigeria with your NECO result. This is because, NECO is a national examination body, which is is responsible for conducting examination for students who are aspiring to further their education to tertiary level in Nigeria. ... They all accept NECO results in Nigeria.Jul 14, 2019

Is NECO certificate accepted internationally?

The answer is yes. NECO can be used to study abroad but not all schools abroad accept it. ... First of all, an applicant with a NECO result must sit for a proficiency English language exam such as GRE, IELTS, SAT, ACT, PSAT, TOEFL, GMAT, and the likes.

waec expo runs is real. WAEC Answers, NECO ANSWERS and GCE answers comes a night before exam or Hours before exam

How much is junior Waec fees?

The following are the approved fees for the examination and other related items: Registration fees ? 4,000.00 Naira (Mandatory fee) Late Registration ? 1,000.00 Naira per candidate ? (Mandatory fee) Re-Sit Exam ? 1,000.00 Naira per copy.

The following are the approved fees for the examination and other related items: Registration fees ? 4,000.00 Naira (Mandatory fee) Late Registration ? 1,000.00 Naira per candidate ? (Mandatory fee) Re-Sit Exam ? 1,000.00 Naira per copy.Feb 18, 2020

Is NECO easy to pass?

Passing NECO is not difficult, the problem is that many candidates use the wrong method to prepare for NECO and NECO GCE.

Passing NECO is not difficult, the problem is that many candidates use the wrong method to prepare for NECO and NECO GCE.Jan 19, 2020

Does Canada accept NECO?

Reasons Why NECO Result is Accepted for Study in Canada. You sure read that correctly, NECO result is accepted for study in Canada if you did't know. And if you already know this, you definitely would have been surprised when you read the caption since NECO is a Nigerian examination.

waec expo runs is real. WAEC Answers, NECO ANSWERS and GCE answers comes a night before exam or Hours before exam

Is Neco harder than Waec?

NECO seems less difficult compared to WAEC but not also easy to make A's.

waec expo runs is real. WAEC Answers, NECO ANSWERS and GCE answers comes a night before exam or Hours before exam

Can I combine WAEC and NECO together?

Yes! It is possible to combine WAEC and NECO result for admission into any tertiary institutions in Nigeria. Many universities in Nigeria allow for the combination of both WAEC and NECO result.

waec expo runs is real. WAEC Answers, NECO ANSWERS and GCE answers comes a night before exam or Hours before exam