WAEC Past Questions and Answers - Page 156

776.

Which of the following describes the marketing mix?

A.

Distribution, production policy, promotion, pricing policy

B.

Product planning, development , market research, price

C.

Product, Price, place, development

D.

Communication, advertising, pricing, promotion

E.

Advertising, pricing, development, communication

Correct answer is A

No explanation has been provided for this answer.

777.

A document issued to a buyer showing the quantity description and prices of goods bought is called

A.

a catalogue

B.

an invoice

C.

a price list

D.

an order

E.

an advice note

Correct answer is B

No explanation has been provided for this answer.

778.

The reward of entrepreneurship as a factor of production is

A.

interest

B.

commission

C.

profit

D.

salary

E.

rent

Correct answer is C

No explanation has been provided for this answer.

779.

Movement of commercial vehicles in Nigeria is controlled by the

A.

Nigerian Ports Authority

B.

National Association of Road Transport Workers

C.

Federal Ministry of Transport

D.

Nigerian Customs Authority

E.

Nigerian Airports Authority

Correct answer is B

No explanation has been provided for this answer.

780.

Key industries and those requiring huge capital are usually established as

A.

public corporations

B.

public limited companies

C.

private limited companies

D.

holding companies

E.

partnerships

Correct answer is A

No explanation has been provided for this answer.