WAEC Past Questions and Answers - Page 447

2,231.

A modern method of retailing whereby customers can make their purchases without the help of an assistance or cashier is called?

A.

Impulse buying

B.

One-step-shopping

C.

Self service

D.

Automatic vending

E.

Auction sales

Correct answer is D

No explanation has been provided for this answer.

2,232.

Which of the following organizations aim primarily at protecting the consumer?

A.

Standards Organization of Nigeria

B.

Chambers of Commerce

C.

State Security Service

D.

Nigeria Red Cross Society

E.

Manufacturers Association of Nigeria

Correct answer is A

No explanation has been provided for this answer.

2,233.

The system of collecting information with a view to determining the extent of demand for a product is known as?

A.

advertising

B.

marketing research

C.

marketing

D.

marketing segementation

E.

communication

Correct answer is B

No explanation has been provided for this answer.

2,234.

Which of the following ancillary service helps to maintain close contact between buyers and sellers?

A.

Tansport

B.

Insurance

C.

Banking

D.

Communication

E.

Advertising

Correct answer is D

No explanation has been provided for this answer.

2,235.

The following factor must be considered before setting up a retail business except?

A.

capital

B.

experience

C.

location

D.

size of market

E.

public relationship

Correct answer is E

No explanation has been provided for this answer.