WAEC Marketing Past Questions & Answers - Page 31

151.

A company that offers storage facility to a seller is__________

A.

Marketing intermediary.

B.

Insurer.

C.

Buyer.

D.

Market facilitator.

Correct answer is A

No explanation has been provided for this answer.

152.

An example of specialty goods is_________

A.

electronics.

B.

noodles.

C.

fruits.

D.

shoes.

Correct answer is B

No explanation has been provided for this answer.

153.

Which of the following stages is not in the buyer's decision making process?

A.

Need recognition

B.

Brand identification

C.

Information search

D.

Purchase decision

Correct answer is B

No explanation has been provided for this answer.

154.

Which of the following is not a factor that determines the price of a product?

A.

Quality of the product

B.

Customers ability to pay

C.

Competition from suppliers

D.

Price of similar products

Correct answer is B

No explanation has been provided for this answer.

155.

A function or market union in the local market is to_________

A.

offer bank loans to members.

B.

establish common market price.

C.

defend members in law courts.

D.

insure products of all members

Correct answer is B

No explanation has been provided for this answer.