Waec Model Questions Vol1 2024 Commerce Question 1

Practice essay / theory question 1 from the 2024 Waec Model Questions Vol1 Commerce examination. This question covers Introduction to Commerce .

Waec Model Questions Vol1 2024 Commerce Essay / Theory

Topic: Introduction to Commerce

Question 1 WAEC_MODEL_QUESTIONS_VOL1 • 2024 • COMMERCE • essay

A small town market in Nigeria consists of cocoa farmers, a wholesale trader, a retail shop, and consumers. Transactions in the market are frequently carried out using mobile money services.

Question Parts

( a )

Identify and briefly describe the four main agents of commerce present in the scenario.

( b )

Explain two functions of commerce that are illustrated by the use of mobile money in the market.

( c )

Evaluate the advantages and disadvantages of electronic commerce (e‑commerce) over traditional face‑to‑face commerce for small‑scale traders in Nigeria.

( ) State at least three advantages.

( ) State at least two disadvantages.

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About This Question

This is Waec Model Questions Vol1 2024 Commerce Question 1. It is one of the essay questions from the 2024 Waec Model Questions Vol1 Commerce examination.

The question covers Introduction to Commerce .

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