WAEC Past Questions and Answers - Page 2748

13,736.

Which of the following alternatives is a purpose of marketing concept?

A.

Consumer satisfaction

B.

Product quality

C.

Sales volume

D.

Production volume

Correct answer is A

No explanation has been provided for this answer.

13,737.

The idea that consumers will prefer goods and services that are available and affordable is_____________

A.

Selling concept

B.

Product concept

C.

Production concept

D.

Marketing concept

Correct answer is B

No explanation has been provided for this answer.

13,738.

An example of long-term source of fund for an entrepreneur is____________

A.

Debenture

B.

Trade credits

C.

Overdraft

D.

Customer advances

Correct answer is A

No explanation has been provided for this answer.

13,739.

An internal source of fund for an entrepreneur is__________

A.

Bank loan

B.

Overdraft

C.

Trade credit

D.

Retained earnings

Correct answer is D

No explanation has been provided for this answer.

13,740.

The willingness and ability to identify business opportunity, establish and operate it successfully is________

A.

Distribution

B.

Wholesaling

C.

Entrepreneurship

D.

Purchasing

Correct answer is C

No explanation has been provided for this answer.