WAEC Commerce 2019 Objective — Question 10
Question 10 of 50 from the West African Examinations Council (WAEC) Commerce 2019 Objective paper, with the correct answer and a full explanation.
Advertisement
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.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.