Marketing questions and answers

Marketing Questions and Answers

Prepare for your Marketing exam with our growing list of marketing past questions and answers.

221.

A feature of organizational market is that___________-

A.

There are few buyers.

B.

There are many buyers

C.

Professional services are not required.

D.

Elastic demand can occur.

Correct answer is D

No explanation has been provided for this answer.

222.

In marketing, market is described as____________

A.

An area where buyers and sellers interact.

B.

A set of all actual and potential buyers of a product.

C.

A collection of profit and non-profit organizations.

D.

A collection of people with similar interest

Correct answer is A

No explanation has been provided for this answer.

223.

The basic human requirements are referred to as_______

A.

Needs

B.

Demands

C.

Values

D.

Wants

Correct answer is A

No explanation has been provided for this answer.

224.

An institution that enhances the distribution and sales of goods is a__________

A.

Market union.

B.

Wholesaler

C.

Retailer

D.

Market facilitator

Correct answer is D

No explanation has been provided for this answer.

225.

Which of these transportation modes is appropriate for transporting gas from Nigeria to Ghana?

A.

Pipeline

B.

Air

C.

Rail

D.

Truck

Correct answer is A

No explanation has been provided for this answer.