WAEC Commerce 2014 Theory — Question 10
Question 10 of 50 from the West African Examinations Council (WAEC) Commerce 2014 Theory paper, with the correct answer and a full explanation.
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A system of sales, where goods are sold to the highest bidder is known as
- A. credit sale
- B. hire purchase
- C. clearance sale
- D. auction saleCorrect
Explanation
Auction sales involve bidding for a product; the highest bidder is awarded the product.
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