WAEC Marketing Past Questions & Answers - Page 8

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71.

Marketing research studies are not undertaken in which of the following areas?

A.

Media effectiveness

B.

Product information

C.

Market evaluation.

D.

Quality Control.

Correct answer is D

No explanation has been provided for this answer.

72.

A bank loan obtained by Chief lbrahim to start a business is an example of ____________

A.

Internal source of fund

B.

Personal source of fund.

C.

Family source of fund.

D.

External source of fund

Correct answer is B

No explanation has been provided for this answer.

73.

A warehouse where dutiable goods are kept is a________

A.

Cooperative warehouse.

B.

Public warehouse.

C.

Bonded warehouse.

D.

Private warehouse.

Correct answer is C

No explanation has been provided for this answer.

74.

A need that is sufficiently pressing to direct a consumer to seek satisfaction is____________

A.

Motive

B.

Fancy

C.

Want

D.

Requirement

Correct answer is C

No explanation has been provided for this answer.

75.

A company that offers storage facility to a seller is___________

A.

A marketing intermediary.

B.

A market facilitator.

C.

A buyer

D.

A seller

Correct answer is B

No explanation has been provided for this answer.

76.

Which of the following is not a stage in product development?

A.

Idea generation

B.

Concept development

C.

Product differentiation.

D.

Market analysis

Correct answer is C

No explanation has been provided for this answer.

77.

Which of the following is a source of fund that a limited liability company will not pay back?

A.

Debenture

B.

Ordinary shares

C.

Overdraft

D.

Bank loans

Correct answer is B

No explanation has been provided for this answer.

78.

A reason for granting cash discount is to___________

A.

Minimize bookkeeping work.

B.

Encourage prompt payment.

C.

Encourage bulk buying.

D.

Enable the buyer make more profit.

Correct answer is B

No explanation has been provided for this answer.

79.

The stage in buyers decision process at which customer satisfaction occurs is____________

A.

Need recognition.

B.

Information search.

C.

Evaluation of alternatives.

D.

Post purchase behaviour

Correct answer is A

No explanation has been provided for this answer.

80.

The environmental factor that comprises of inflation, employment income level and interest rate is described as____________

A.

Political.

B.

Economic.

C.

Legal.

D.

Social.

Correct answer is B

No explanation has been provided for this answer.