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2020/2021 WAEC/NECO Answers: 2021 neco commerce answers

Completed This is actually the 2018 neco 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.

4a)
(i) Market research and analysis: The first component of a marketing plan allows you to gather pertinent information about the potential market for your product(s) and/or service(s), evaluate strengths and weaknesses, and identify a target audience. 
(ii) Marketing and financial goals and objectives: This component of a marketing plan consists of defining your marketing and financial goals and objectives. 
(iii) Marketing budget: This component of a marketing plan consists of developing a marketing budget, which will allow you to plan for marketing expenditures. 
(iv) Monitoring and evaluating market response: This component of a marketing plan describes the strategies you will use to monitor and evaluate the market response to your marketing strategies. 

(4b)
(i) Product Rationalization or Reduction
(ii) Entering New Markets & Retailers
(iii) Evaluating Line Extensions
(iv) Determining the Optimal Product Line

(4c)
ADVANTAGES:
(i) It conveys more information with personal selling than with other forms of promotion, like advertising.
(ii) It Creates More Impact on buyers than advertising or direct mail. The customer does not have to wait to get his questions answered.

DISADVANTAGES:
(i) It cannot reach as many customers as quickly. Therefore, it will take longer to build awareness of your brand and products, especially if you use personal selling exclusively.
(ii)It is expensive, especially when considering the salesperson's salary, commission, bonus and travel time.

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(3a)
Voluntary Liquidation is a procedure in which the company's directors choose to voluntarily bring the business to an end by appointing a liquidator (who must be a licensed insolvency practitioner) to liquidate all of its assets while Involuntary Liquidation a situation in which a company is forced by a court of law to stop doing business because it owes money and cannot pay its debts.

(3b)
(i) Authorized Capital: This is the total amount of shares that a Company is allowed to issue to the shareholders. In other word's it included in the deed of establishment when the Company is established.
(ii) Issued Capital: This is the capital that is issued by the Company to the shareholders
(iii) Paid Up Capital: This is the capital obtained from the shareholders. 
(iv) Uncalled share capital: This is the amount which the company is entitled to call on shareholders to contribute.

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(6)
(i) Existence of business:
The objective of partnership must be to do some type of business. Business here means any activity leading to earn profit persons joining together and agreed to do charitable work or for formation of any club for entertainment would not be treated as partnership due to absence of the business.


(ii) Numbers of persons:
There must be at least two or more persons to form a partnership firm. As per Indian partnership Act, the minimum number of person required is to buy it does not prescribe the maximum limit for the purpose.

(iii) Sharing of Profits:
Business is carried on to share profit and not to incur losses. The profits generated by the firm are to bestaned among the partners on an agreeable proportion. Loss it any has also to be borne by them on that ratio.

(iv) Agency:
Partnership contract is based on principle of agency. Each partner is an agent of other partners. The business is carried on by all or any one of them acting on behalf of all other partners.

(v) Unlimited liability:
Like sole proprietorship, every partner has an unlimited liability in respect of debts of the firm. If the property or the assets of the firm are insufficient to meet the claims of the creditors, the private property of the partners can be attached to meet the claims of the creditors.


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(7i)
Indent: This is a document used in international trade; it is an order or privilege to buy goods conveyed by an importer to a potential buyer.
Indent is an official order or requisition for goods;it gives details of the goods, approximate price, date of delivery etc.

(7ii)
Bill of sight: This is a document that a person importing that a person importing goods who cannot fully describe them, gives to the customs authorities, allowing them to examine the goods
when they arrive.

(7iii)
Bill of entry: This is An account of goods entered at a customhouse, of imports and exports, detailing the merchant, quantity of goods, their type, and place of origin or destination.

(7iv) Dock warrant: 
This is an instrument issued by a ware housekeeper, licensed by the state to traders who deposit goods with them. A dock warrant certifies that the holder is entitled to goods imported and warehoused in the docks. It transfers the absolute right to the goods described in it.

(7v)Export invoice: 
This is a critical component of the export paperwork which is issued by an exporter to an importer listing the goods or services supplied and stating the sum of money due.

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



(2i)
Board of Directors is a team of people elected by a corporation's shareholders to represent the shareholders' interests and ensure that the company's management acts on their behalf.

(2ii)
Company secretary is an officer appointed by the directors of a firm as responsible for ensuring that firm's legal obligations under the corporate legislation are complied with.

(2iii)
A managing director is someone who is responsible for the daily operations of a company, organization, or corporate division. Managing Director is the most senior role in any company with ultimate responsibility for the company's performance. The Managing Director will report in to the Chairman and shareholders whilst leading a Board of Directors.

(2iv)
Chief Accountant, often taking on the title of CFO, or Chief Financial Officer, serves as an advisor, educator and consultant on all financial matter affecting the company.

(2v)
Director of personnel is responsible for all activities related to hiring and firing employees of the city. In other words is ultimately responsible for development, revision and implementation of those policies



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

(8)
(i) Licensing: Government gives the business people permission to carry out business activities legally. By so doing, they are able to checkmate the activities or the kind of businesses going on in the country.
(ii) Fixing quotes: Government imposes quantitative restrictions on goods that should be produced,consumed or imported at any given time
(iii) Imposing total bans: They introduce prohibition or stopping certain business activities in the country.
(iv) Setting of standards: Government set quality and security standards for goods to be sold or consumed in the country
(v) Tax code regulations: The form of business you run determines what taxes you pay. Your business structures determines what your business tax would be. 
E.g Income tax, estimated tax, employment tax, and excise taxes.



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Frequently Asked Qestions and Answers

West African Senior School Certificate Examination - Wikipedia

What Mark is a1 in Waec?

WAEC grading systemGradesDefinitionInterpretationA1Excellent80% - 100%B2Very good75% - 79%B3Good70% - 74%C4Credit60%- 69%5 more rows

Tuition free universities in Canada - Are there any? ? Legit.ng

Is there any free university in Canada?

Free of charge universities in Canada for international students. Because there is no free of charge higher educational institution for foreigners in Canada, you can only find a place with lower cost compared to other universities. The tuition is not free, of course, but they can be affordable.
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Mature students: the route to a bachelor's degree for over 25s

Is 25 too old for university?

Studying is a great way to start a new career. Perhaps you think you're 'too old' to start university, but it's never too late to study. An increasing number of students aged over 25 are opting for university courses because they're unsatisfied with their job or want a new career path.
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WAEC to stop amendment on certificates in 2017 - Punch Newspapers

Does Waec certificate carry date of birth?

WAEC to stop amendment on certificates in 2017. The West African Examinations Council says it will stop amending the date of birth and other entries on the certificate of candidates from January 1, 2017.

Universities Accepting WAEC, NECO, NABTEB and GCE, How to ...

Can I use Neco to enter university?

Yes, you can use NECO (be it NECO June/July or Nov/Dec) to gain admission into any university of your choice. Generally, all higher institutions accept NECO just like WAEC, GCE and NABTEB. You can as well combine your NECO with another NECO or any other exams type to gain admission.
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Courses You Can Study Without Economics | Fatherprada

Can I gain admission with d7 in economics?

Though Economics is a subject that cut across all departments in secondary, Economics is a core subject for commercial students. You can't escape Economics. Many schools may accept D7 or E8 in Mathematics and English for some courses but for Economics, you must have credit?

Is my WAEC Result good enough to Study Abroad Nigerian Students

Can I use Waec to study abroad?

Students with good WAEC result can enroll into universities abroad and most institutions in abroad offers admissions to students with WAEC results as long as they agree to undertake a foundation course.
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Check WAEC GCE Result Without Scratch Card - Here

Can I check my Waec result without scratch card?

Lets go straight to truth and it is that ? checking waec result without scratch card is never possible if your motive is to: check through a computer. check your result via waec result checking website (online) print out a copy of your result slip.

WAEC Grading System & Meaning | A, B, C, D, E & F Interpretations

Is e8 a pass mark in Waec?

B3 is B (Very Good), C4 is C (Good), C5 and C6 are (Credit), D7 and E8 are E (Pass) and F9 is F (Fail).
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How To Pass WAEC Examination: 2020/2021 WAEC Secret

How can I prepare for Waec?

Those are the guides you need to pass WAEC 2020 examination....Below are the tips to pass WAEC Examination excellently:Don't be afraid of WAEC.Be zealous to pass.Start reading as early as possible.Study voraciously.Join a WAEC study group.Study with WAEC syllabus.Work on your handwriting.Study past WAEC questions.More items...

WAEC Timetable 2020/2021 Out: Check & Download PDF WAEC ...

Is Waec 2020 time table out?

Is WAEC 2020 Timetable Out? Yes, WAEC official timetable for 2020/2021 exam is out. WAEC EXAM will commence on 30th March, 2020 and will end on 12th June, 2020. At every stage of human endeavor, there is always a need for promotion which is often preceded by an examination.
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WAEC Is Better Than NECO ? Prof Osarenren ? Channels Television

Is Neco better than Waec?

Ngozi Osarenren has said that the regional examination body WAEC (West African Examination Council) is better and more effective than its Nigerian counterpart, National Examination Council (NECO). ... ?What we should be talking about is the sanctity and credibility of our exams; not the duplicity of exam bodies.? Prof.
Ngozi Osarenren has said that the regional examination body WAEC (West African Examination Council) is better and more effective than its Nigerian counterpart, National Examination Council (NECO). ... ?What we should be talking about is the sanctity and credibility of our exams; not the duplicity of exam bodies.? Prof.Apr 4, 2013

Table 5.1. Compulsory school attendance laws, minimum and ...

What is the maximum age you can go to university?

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Education Profile | U.S. Embassy & Consulate in Nigeria

Is GCE equivalent to Waec?

The General Certificate of Education Examination (GCE) was replaced by the Senior Secondary Certificate Examination (SSCE). ... A body called West African Examination Council (WAEC) conducts both the SSCE and GCE.
The General Certificate of Education Examination (GCE) was replaced by the Senior Secondary Certificate Examination (SSCE). ... A body called West African Examination Council (WAEC) conducts both the SSCE and GCE.

HOW TO PASS ANY TEST WITHOUT STUDYING - YouTube

How can I pass a test without studying?

0:193:44Suggested clip 119 secondsHOW TO PASS ANY TEST WITHOUT STUDYING - YouTubeYouTubeStart of suggested clipEnd of suggested clip

How to Buy Waec Result Checker Using Mtn Mobile Money - Websaet

How can I buy WAEC scratch card with mobile money?

WAEC grading system 2020-2021 ? Legit.ng

Is d7 a good grade in Waec?

It means that you have scored 39% or less on your exam. ... E8 (40-44%) and D7 (45-49%) are passing grades. C6 (50-54%), C5 (55-59%) and C4 (60-64%) are credit grades. B3 (65-69%) is a Good grade.
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Calculating your aggregate score: JAMB's score + O ... - AskNigeria

How is Waec aggregate calculated?

A1: 1 x 4 = 4 B2: 3 x 3.6 = 10.8 C4: 1 x 2.8 = 2.8 Total points: 4 + 10.8 + 2.8 = 17.6 Now, we divide the UTME by 8 i.e 280 ? 8 = 35 So, the aggregate score will be 17.6 + 35 + Post-UTME score.
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What is the best time for studying? - Quora

Which time is best for study?

Generally speaking the best time for effective studying would be Morning (5AM to 10 AM) and Evening(5PM to 9 PM) . Reasons: Early morning is a time when there is very less movement of any form. You would be the only one awake in the house and there won't be any distractions.

What is the US equivalent (GPA) of a 2:1 BEng (honors) degree from ...

What is a 2.1 degree in GPA?

A2A A 2:1 (honors) - Second Class Honors, Upper division - converts to an A-/B+ which is the average of 3.7+3.3/2= 3.5. You do not use percentages. See Grade Conversion Guide | World Education Services . ... My overall degree average (second and first year) score is 59% .

How Much Is WAEC 2020 Form? See Price Of WAEC Registration ...

How much is Waec fees in Nigeria?

Candidates are expected to pay a registration fee of Thirteen Thousand, Nine Hundred and Fifty Naira (N13,950) only. There's an extra bank charge of N500.
Candidates are expected to pay a registration fee of Thirteen Thousand, Nine Hundred and Fifty Naira (N13,950) only. There's an extra bank charge of N500.Jan 6, 2020

Education in Nigeria - Wikipedia

What class is grade 10 in Nigeria?

Six years of elementary school is followed by six years of secondary school. Junior Secondary school consists of JSS1, JSS2 and JSS3 which are equivalent to the 7th, 8th and 9th Grade while the Senior Secondary school consists of SS I, SS 2, and SS 3 which is equivalent to the 10th, 11th and 12th Grade.
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Is my WAEC Result good enough to Study Abroad Nigerian Students

Can I use my Waec result to study abroad?

Students with good WAEC result can enroll into universities abroad and most institutions in abroad offers admissions to students with WAEC results as long as they agree to undertake a foundation course.
Students with good WAEC result can enroll into universities abroad and most institutions in abroad offers admissions to students with WAEC results as long as they agree to undertake a foundation course.Nov 21, 2017

Is Wassce equivalent to GCSE? ? Education ? Best Discussion ...

Is GCSE equivalent to Waec?

Is Wassce equivalent to GCSE? Minimum of three passes at GCE A-level at grade C or above, and five passes at GCSE/IGCSE level at grade C or above, including English and Maths with equivalent qualifications such as African WAECs - 6 passes at grades 1-6, including Maths and English.
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Original WAEC Certificate Collection: How To Go About It Easily

How do I get my original Waec certificate?

So, if yours is an internal examination, kindly go to your school for collection. For private candidates, you need to go to the nearest WAEC office and make inquiry. Just remember, if it's been more than a year since your certificate was released, you will have to pay a fee to collect your certificate.
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WAEC New Grading System : See What Each WAEC Grade Means

What is d7 Waec grade?

Below is a list showing how each grade is interpreted in WAEC Result....How WAEC Result is Graded.GRADENUMERIC VALUEINTERPRETATIONC66CREDITD77PASSE88PASSF99FAIL5 more rows

Here Is The Current WAEC Grading System | 2020 JAMB and Post ...

Is e8 a pass mark?

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The Waec Grading System - Awajis

Is d7 a pass mark in Waec?

Under the new WAEC grading system, A1 is Excellent, B2 Very Good, B3 Good, C4, C5 and C6 are interpreted as Credit, D7 and D8 are interpreted as Pass, while F9 is Fail.
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University guide for mature students - Complete University Guide

What is the oldest age you can go to university?

A mature student can be as young as 21 but many are in their late 20s/early 30s or older, and may have left school without the necessary A Levels or equivalent.
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National Examination Council (Nigeria) - Wikipedia

How many times is Neco written in a year?

Two examinations are held annually. On 15 July 2013, some plans were made by the federal government of Nigeria to remove the National Examination Council (NECO) From the Nigeria Education System due to low and average passing percentage from candidates across the state in Nigeria.
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3 Ways to Improve Your Grades Without Studying - wikiHow

How can I become topper without studying?

Scientific studies have actually shown that cramming for an exam or test the night before doesn't actually work. You are actually more likely to do better on the test if you stop studying and get some sleep, than if you spend the whole night attempting to remember everything for the test.

Easiest Universities In Canada For Admission ? International ...

Which university in Canada is easiest to get into?

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Studying 101: Study Smarter Not Harder ? Learning Center

What is the best study method?

The most effective practice is to work a short time on each class every day. The total amount of time spent studying will be the same (or less) than one or two marathon library sessions, but you will learn the information more deeply and retain much more for the long term?which will help get you an A on the final.

What university in the UK accepts WAEC? - Quora

What is the equivalent of Waec in UK?

Nearly all Universities in the UK require GCE A level or equivalent for admission into undergraduate degrees. In addition to A levels, you should also have GCSEs which I believe are O level equivalents (also WAEC in West Africa).
Nearly all Universities in the UK require GCE A level or equivalent for admission into undergraduate degrees. In addition to A levels, you should also have GCSEs which I believe are O level equivalents (also WAEC in West Africa).

WAEC Timetable for May/June Examinations 2020 - MySchoolGist

What is the date for Waec 2020?

According to the timetable, the West African Senior School Certificate Examination (WASSCE) for school candidates, 2020, will commence on 6th April, 2020 and will end on 5th June, 2020.
WAEC Exam Date: According to the timetable, the West African Senior School Certificate Examination (WASSCE) for school candidates, 2020, will commence on 6th April, 2020 and will end on 5th June, 2020.

Exam certificates | O-level Explanation of results | O-level ... - AQA

Is a grade D at O level a pass?

Results which met the Ordinary standard (grades 1-6) were recorded as Pass. ... Grades D and E indicated a lower standard of attainment, but were still judged sufficient to be recorded on the certificate. Grade E or below was ungraded and not recorded on the certificate.
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Does WAEC Repeat Past Questions? Click Here To See Answers ...

Do Waec repeat questions?

Currently, waec no longer allow students to go home with their question papers. So, when you ask? does waec repeat past questions? Just have it in mind that the past questions you are talking about is the old past questions. And we all know that waec usually change syllabus, and English language do change as well.
Currently, waec no longer allow students to go home with their question papers. So, when you ask? does waec repeat past questions? Just have it in mind that the past questions you are talking about is the old past questions. And we all know that waec usually change syllabus, and English language do change as well.

Thoughts and Tips on Teaching with Zoom ? Reason.com

Can zoom detect cheating?

But if not, Zoom can be used to proctor, and prevent cheating. That is, students will have to keep Zoom running while they take their exam. This presence ensures (to the extent possible) they are not asking others for help, or leaving the room.
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Calculating your aggregate score: JAMB's score + O ... - AskNigeria

How is Waec aggregate calculated?

A1: 1 x 4 = 4 B2: 3 x 3.6 = 10.8 C4: 1 x 2.8 = 2.8 Total points: 4 + 10.8 + 2.8 = 17.6 Now, we divide the UTME by 8 i.e 280 ? 8 = 35 So, the aggregate score will be 17.6 + 35 + Post-UTME score.
A1: 1 x 4 = 4 B2: 3 x 3.6 = 10.8 C4: 1 x 2.8 = 2.8 Total points: 4 + 10.8 + 2.8 = 17.6 Now, we divide the UTME by 8 i.e 280 ? 8 = 35 So, the aggregate score will be 17.6 + 35 + Post-UTME score.

Is 22 too late to start college when I graduated from high school at ...

Is 22 too old for college?

You are never to old to start college. In fact, at 22 you will be in great company. Non-traditional students are typically more focused on their school work and tend to do better on assessments, when compared to their 18-21-year old classmates.
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NECO 2020 Registration Form, Exam Starting Date, Price Timetable ...

How much is NECO 2020?

NECO registration form 2020 price is Eleven Thousand , Three Hundred And Fifty Naira Only (N11,350) Nine Thousand, Eight Hundred And Fifty Naira Only (N9,850) following the reduction of JAMB UTME form price and NECO form price in 2018.
NECO registration form 2020 price is Eleven Thousand , Three Hundred And Fifty Naira Only (N11,350) Nine Thousand, Eight Hundred And Fifty Naira Only (N9,850) following the reduction of JAMB UTME form price and NECO form price in 2018.

International Entry Requirements: What's my degree score equal to?

What is a 2.2 degree in GPA?

Postgraduate: University of the West Indies - A score of B, 65% or GPA of 3.0 is considered comparable to a UK 2.1, while a score of B-, 60% or GPA of 2.7 is considered comparable to a UK 2.2. ... A Level or CAPE grades will also be considered alongside degree scores.

Which universities in England allow attendance with only a GED ...

Do UK universities accept GED?

Many UK universities will accept a high school diploma a with a high enough GPA and if a GED is equivalent then that would probably be accepted. ... Some American universities have a campus in the UK, the most well known is Richmond, the American International University in London.
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Information for applicants from Nigeria - Queen Mary University of ...

Is Neco accepted in UK?

We generally accept the WASSC or NECO with a minimum of 5 relevant subjects at grade B3. If you are currently studying another UK foundation programme elsewhere and would like to progress to one of our Bachelor degrees, please get in touch via the contact details at the bottom of the page.
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NECO 2020 Registration Form, Exam Starting Date, Price Timetable ...

How much is NECO 2020?

NECO registration form 2020 price is Eleven Thousand , Three Hundred And Fifty Naira Only (N11,350) Nine Thousand, Eight Hundred And Fifty Naira Only (N9,850) following the reduction of JAMB UTME form price and NECO form price in 2021.
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WAEC result is not valid for 10 years ? waec registrar | News From ...

Does Waec result expire?

WAEC result is not valid for 10 years ? waec registrar. ... the registrar clearly stated that Waec result is valid for life. Waec result does not expire in as much as the owner is still alive, the result can be used .
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GCE ? MULTINATIONAL EDUCATIONAL CONSULTING

What is GCE exam?

What is GCE? It is General Certificate Examination. The GCE as it usually called by many people are two based on the bodies that conduct them. There is the West African Senior School Certificate Examination (WASSCE) for school private candidates in November/December.
What is GCE? It is General Certificate Examination. The GCE as it usually called by many people are two based on the bodies that conduct them. There is the West African Senior School Certificate Examination (WASSCE) for school private candidates in November/December.

WAEC, NECO and NABTEB: What you need to know about Nigerian ...

Is NECO and WAEC the same?

National Examinations Council, otherwise known as NECO, is a national examination body established by the Nigerian government to conduct examinations. Unlike WAEC, NECO is a national examination body vested with the responsibility to oversee specified exams only in Nigeria.
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How Long can I Use My WAEC, NECO, NABTEB Results For ...

How long is Waec certificate valid?

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.

WAEC Grading System for Examinations. | Download Table

What is a distinction in Waec?

... is externally organized and graded by the West Africa Examinations Council (WAEC), which clas- sifies candidates who obtain BECE Aggregate 6 to 12 as "distinction" or "good" students, Aggregate 13 to 24 achiev- ers as "average," and Aggregate 25 and above achievers as "weak" students (Asihene, 2009;Dorleku, 2013; ...
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