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WAEC Commerce 1991 (August) Question 8

Question 8

Business Calculations

Turnover may be increased by

  1. A.increasing prices and product differentiation
  2. B.advertising and cutting prices
  3. C.refusing credits and customer services
  4. D.increasing the mark-up
  5. E.stocking very expensive goods
Show the answer and explanation

Answer: B (advertising and cutting prices)

Explanation

Advertising attracts buyers and lower prices make them buy more, so sales (turnover) rise.