2024 NECO COMMERCE: 2024 NECO COMMERCE ANSWERS (9356)
2024 NECO COMMERCE ANSWERS Password/Pin/Code is 9356. You can use it to view 2024 Commerce Answers A day before the exam.
1 - 10: BDBCEADDBA
11 - 20: BCDCEBDABD
21 - 30: DEBCAABDEB
31 - 40: EBBCCDBADC
41 - 50: DEEACDDECA
51 - 60: BCAECBBEDD
Questions posted under questions section
Welcome to official 2024 Commerce NECO answer page. We provide 2024 Commerce NECO Questions and Answers on Essay, Theory, OBJ midnight before the exam, this is verified & correct NECO Coms Expo. NECO Commerce Questions and Answers 2024. NECO Coms Expo for Theory & Objective (OBJ) PDF: verified & correct expo Solved Solutions, 2024 NECO COMMERCE ANSWERS. 2024 NECO EXAM Commerce Questions and Answers
Questions Students ask about 2024 NECO COMMERCE: 2024 NECO COMMERCE ANSWERS (9356)
- How to get 2024 Commerce NECO QUESTION AND ANSWERS before the exam? To get 2024 NECO COMMERCE ANSWERS midnight before the exam, all you need to do is to visit expocode.net with the pin sent to you by the admin and login. With the pin, you can have a full access to 2024 NECO COMMERCE ANSWERS
- When do I get Verified 2024 Commerce NECO QUESTION AND ANSWERS? You will get 2024 NECO COMMERCE ANSWERS a night to the exam because Commerce is an important subject.
- After using 2024 Commerce NECO ANSWERS, How many am I assured of in Commerce? You will score between 7As - 9As in Commerce if you write verbatim 2024 NECO COMMERCE ANSWERS.
- How verified is your 2024 Commerce NECO ANSWERS? Our 2024 NECO COMMERCE ANSWERS is 100% verified and legit and it is worthy to be trusted because it from expocode.net which is the most trusted website for exam runs in Nigeria.
- Where do I get 2024 Commerce NECO QUESTION AND ANSWERS? You can get 2024 NECO COMMERCE ANSWERS only from expocode.net
- Is the answers on this page actually the main 2024 NECO COMMERCE ANSWERS? No, This is 2021 NECO COMMERCE ANSWERS, to get 2024 NECO COMMERCE ANSWERS, you need to subscribe with us by texting or WhatsApping us.
- How do I subscribe for 2024 Commerce NECO Questions & ANSWERS? To subscribe for 2024 Commerce NECO Questions & ANSWERS, Message 08069228752 stating that you need 2024 Commerce NECO Questions & ANSWERS a day to the exam.
- Go to expocode.net official website website for Commerce subscription: You will need to visit expocode.net official subscription page for NECO Commerce at https://expocode.net/sub/
- Grab active expocode.net WhatsApp number and chat the admin for Commerce NECO subscription: expocode.net has two phone numbers for whatsapp, get the active one and chat them on whatsapp for Commerce subscription
- Drop your subscription details: As you open whatsapp chat with expocode.net drop your MTN recharge card and subject like this; subject: Commerce, MTN Card: 746473829383738, then wait for them to confirm your payment and send you the Commerce pin and whatsapp group link.
How to subscribe for 2024 NECO Commerce (9356) Questions and Answers?
This is how to subscribe for 2024 NECO Commerce (9356) Questions and Answers expo and get the answers before the exam. If you want to access NECO Commerce (9356) before the exam, follow this detailed steps
(2a)
(i) Cartel is an agreement between two or more producers of the same commodity to regulate the production and sale of the product with a view to obtain dominance in the market.
(ii) Consortium: this is an agreement, combination, or group (as of companies) formed to undertake an enterprise beyond the resources of any one member.
(iii) Trust is an arrangement in which a party gives control of his or her property to another party (trustee) for the benefit of a third party (the beneficiary).
(2b)
(i) To obtain the economies of large scale.
(ii) To gain security from cut- throat competition.
(iii) To diversify their activities.
(iv) To raise enough capital for expansion.
This is 2024 NECO COMMERCE ANSWERS No. 2
(3a)
(i)Financing an Enterprise
(ii)Setting Prices
(iii)Product and Service Management
(i)Financing an Enterprise; It takes money to make money. As a business owner, an important function of marketing a product is finding the money through investments, loans, or your personal capital to finance the creation and advertising of your goods or services.
(ii)Setting Prices; Setting the correct price for your product or service can be a challenge. If you price it too high, you might lose customers but if you price it too low you might be robbing yourself of profits.
(iii)Product and Service Management; Once you've determined the target market and set the price of your product or service, the goal becomes to effectively manage the product or service. This involves listening to customers, responding to their wants and needs, and keeping your products and services fresh and up to date.
(3bi)
Form utility; refers to how well a product or service meets the customer's needs. For example, a company might design a product to target a specific client's needs or wants. In other words form utility might include offering consumers lower prices, more convenience, or a wider selection of products.
(3bii)
Possession utility; refer to the amount of usefulness or perceived value from owning a product. For example, owning a car or truck might be considered to have a high possession 'copied from e x p o c o d e . n e t free' utility. In other words It also, increasing the ease of ownership boosts the possession utility or the perceived value of a product.
This is 2024 NECO COMMERCE ANSWERS No. 3
(4a)
Entrepot: this is a port where goods for import or export can be stored without paying import duties.
(4b)
(i) Protecting established domestic industries from foreign competition: If foreign goods and services easily enter the domestic market, it increases domestic competition.
(ii) Keeping infant industries until they become mature and internationally competitive: Some countries want to make sure their strategic industries thrive. Such industries usually contribute to national security, employment, technology, or value chains with various other industries.
(iii) Securing domestic employment and income: Imports benefit foreign producers as money flows from domestic to them. Besides, when imports increase, they will increase production. It creates jobs and income in their country but not domestically.
(iv) To generate government revenue: By imposing import tariffs, the government obtains a source of income other than individual taxes or business taxes.
This is 2024 NECO COMMERCE ANSWERS No. 4
(8i)
Fear of domination; members are always suspicious and afraid of each other because of the uneven development in the region.
(8ii)
Political Instability; the constant changes in government among member nations as a result of coups lead to political instability in the sub-regions.
(8iii)
Currency differences; the differences in currency among member nations
had made the transfer of capital difficult and also reduced trading activities.
(8iv)
Political Ideology /Colonial Ties; the West African region is split into
French and English Speaking countries. Member countries still lean to their colonial masters.
This is 2024 NECO COMMERCE ANSWERS No. 8
(9a)
A breach of contract is a violation of any of the agreed-upon terms and conditions of a binding contract. The breach could be anything from a late payment to a more serious violation such as the failure to deliver a promised asset.
(9b)
A contract is a legally binding agreement between two or more people which is enforceable in a court of law.
(9c)
A contract under seal, or a deed, is a written document that, when “sealed”, is distinguishable from a contract. A deed is a formal document that gives the clear indication that a person or entity gives its most sincere promise that they will fulfil contractual obligations.
(9d)
A void contract is a contract that isn’t legally enforceable, starting from the time it was created. While both a void and voidable contract are null, a void contract cannot be ratified.
(9e)
Terminating a contract means legally ending the contract before both parties have fulfilled their obligations under the terms of the contract.
This is 2024 NECO COMMERCE ANSWERS No. 9
2021 COMMERCE QUESTION
(1a) distinguish between a crossed cheque and a stale cheque.
(1b) List and explain four means of payment provided by commercial banks.
(2a) Write short notes on the following:
(i.) cartel
(ii) consortium
(iii) trust
(2b) highlight four reasons for business merger.
(3a) Enumerate and explain three functions of marketing.
(3b) Write short notes on the following:
(i) form utility
(ii) possession utility
(4a) What is entrepot?
(4b) List and explain four reasons for international trade restriction.
(5a) List and explain four contents of trading profit and loss account
(5b) State four factors that affect the profit of a business.
(6a) what is capital as a factor of production?
(6b) List and explain four importance of production.
(7a) State four characteristics of co-operative society.
(7b) List and explain four services provided by credit unions and thrift societies to the members.
(8) List and explain four factors that hinder the achievement of ECOWAS objectives.
(9) briefly explain the following terms:
(a)breach of contract
(b)contract
(C) contract under seal
(d) void contract
(e)Termination of contract
Welcome to official 2024 Commerce NECO answer page. We provide 2024 Commerce NECO Questions and Answers on Essay, Theory, OBJ midnight before the exam, this is verified & correct NECO Coms Expo
Name: expocode.net
Founded: 2010 (14 years)
Founder: Examcode
Headquarters: Borno, Nigeria
Official Website: https://expocode.net/
Official Contact: +2348069228752
Beware of Scammers.... Please always use 08069228752 for all your transactions to avoid being scammed.
NOTE: Any answer that does not have
badge can be chnaged, removed or updated anytime. The badge means that the
answers have
been verified 100% (if used exactly, you're to get nothing but A1) while without
the
badge means that the answer is still under verification.
If you're not in a hurry, please wait for answer to be verified before you copy.
Click on the drop down links to view answer under them.
Good Luck... Invite family and friends to expocode.net... We are the best and we post, others copy from us.
WAEC GCE 2024. COMMERCE ANSWERS
Neco Gce 2024. Commerce answers
2024 WAEC GCE commerce answers
2024 WAEC COMMERCE ANSWERS
2024 NABTEB COMMERCE ANSWERS
2024 NECO COMMERCE ANSWERS
2024 WAEC GCE 2nd SERIES COMMERCE ANSWERS
2021 NABTEB GCE COMMERCE ANSWERS
2021 NECO GCE COMMERCE ANSWERS