WAEC - Commerce (2012 - No. 42)

Which of the following arrangement of documents is the correct sequence as used in the retail trade? i. Quotation ii. Enquiry iii.Order iv Invoice

i,ii,iii,iv

ii,i,iii,iv

i,iv,iii only

i,iii,iv only

The sequence goes thus; enquiry => quotation => order => invoice

A buyer sends an enquiry to the seller asking about the goods he wants to purchase

The seller send the buyer a quotation containing products description, prices etc

The buyer then places an order

The seller sends an invoice to the buyer as prove of a business transaction