JAMB Past Questions and Answers - Page 197

981.

The controllable variables that a firm uses to achieve its marketing objectives are called?

A.

marketing principles

B.

marketing mix

C.

marketing concepts

D.

marketing functions

Correct answer is B

The marketing mix is the combination of the four controllable variables–product, place, promotion, and price (the four Ps)–people are sometimes added (but that's within HR).

982.

Personal selling is most effective in marketing industrial goods because it involves?

A.

recongnition and attachment to customers

B.

personal interaction and information gathering

C.

demonstrations and product acceptability

D.

after-sales services and product demonstrations

Correct answer is B

No explanation has been provided for this answer.

983.

The macro-environment forces and trends which are a constraint on business operations are referred to as?

A.

technological factors

B.

artificial factors

C.

external factors

D.

internal factors

Correct answer is A

The Macro Environment consists of 6 different forces. These forces provide opportunities, but at the same time also pose threats to company. They're Demographic, Economic, Political, Ecological, Socio-Cultural, and Technological forces.

984.

An announcement of a person's willingness to enter into a contract is referred to as?

A.

a proxy

B.

an offer

C.

a consideration

D.

an acceptance

Correct answer is B

An offer refers to a promise that one party makes in exchange for another party's performance. It is an invitation to enter into a contract on certain terms.

985.

The major achievement of ECOWAS is?

A.

the expansion of regional trade

B.

the emergance of a monetary union

C.

infrastructural development in member countries

D.

mobility of labour among member countries

Correct answer is A

No explanation has been provided for this answer.