WAEC Past Questions and Answers - Page 2706

13,526.

Which of the following factors is considered when determining the price of a product by a manufacturer?

A.

Quality of the goods

B.

After-sales services

C.

Stock turnover

D.

Channels of distribution

Correct answer is A

No explanation has been provided for this answer.

13,527.

An element in a company's economic environment is___________

A.

Personal lifestyle

B.

Family members

C.

Technological innovation

D.

Inflation rate

Correct answer is A

No explanation has been provided for this answer.

13,528.

At what stage in the buying-decision process does a consumer collect information about a product?

A.

Need recognition stage

B.

Alternative search stage

C.

Post-purchase decision

D.

Purchase decision

Correct answer is A

No explanation has been provided for this answer.

13,529.

In the consumer buying-decision process, an influencing factor that includes age and occupation is____________

A.

Personal factor

B.

Social factor

C.

Cultural factor

D.

Psychological factor

Correct answer is A

No explanation has been provided for this answer.

13,530.

A market with many buyers compared to suppliers is an example of________

A.

Government market

B.

Reseller market

C.

Consumer market

D.

Industrial market

Correct answer is C

No explanation has been provided for this answer.