WAEC Past Questions and Answers - Page 435

2,171.

The concept that consumers decided what goods and services shall be known as consumer?

A.

protection

B.

surplus

C.

sovernignty

D.

behaviour

E.

co-operative

Correct answer is C

No explanation has been provided for this answer.

2,172.

Which of the following is not an elements of the marketing mix?

A.

Product

B.

Pricing

C.

Promotion

D.

Purchases

E.

Place

Correct answer is D

No explanation has been provided for this answer.

2,173.

The performance of business activities that directs the flow of goods and services from the producer to the consumer is?

A.

marketing

B.

merchandising

C.

transportation

D.

production

E.

marketing mix

Correct answer is A

No explanation has been provided for this answer.

2,174.

The insured is prevented from making profit from claims under more than one policy for the same risk by the principle of?

A.

Contribution

B.

Surbrogation

C.

Utmost good faith

D.

Proximate cause

E.

Insurable interest

Correct answer is B

No explanation has been provided for this answer.

2,175.

Which of the following assigns a name to a product?

A.

Copyright

B.

Packaging

C.

Labelling

D.

Patent

E.

Branding

Correct answer is E

No explanation has been provided for this answer.