WAEC Past Questions and Answers - Page 149

741.

Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
The #8,000 for the sale is

A.

an offer

B.

an acceptance

C.

a consideration

D.

a warranty

E.

a security

Correct answer is C

No explanation has been provided for this answer.

742.

When a firm sets a low price for new product, this is said to be

A.

market swimming

B.

competitive pricing

C.

penetration pricing

D.

loss leader pricing

E.

target pricing

Correct answer is C

No explanation has been provided for this answer.

743.

Which of the following s a form of public relations?

A.

Feature articles

B.

Window display

C.

Catalogue

D.

Transportation and delivery services

E.

Personal selling

Correct answer is A

No explanation has been provided for this answer.

744.

Which of the following is a demerit of advertising?

A.

Increases per-unit cost of goods

B.

Leads to increased profit for producers

C.

Provides information for customers

D.

Reduces per-unit cost of goods

E.

Increases competiton among producers

Correct answer is A

No explanation has been provided for this answer.

745.

Business activities responsible for identifying, anticipating and satisfying customer's requirements profitably are called

A.

advertising

B.

public relations

C.

marketing

D.

sales promotion

E.

sales management

Correct answer is C

No explanation has been provided for this answer.