WAEC Marketing Past Questions & Answers - Page 65

321.

A function of market union in a local market is to_____________

A.

Defend members at law court

B.

Offer bank loan to members

C.

Transport products on behalf of members

D.

Establish common price for their products

Correct answer is D

No explanation has been provided for this answer.

322.

A company that sells its goods directly in foreign countries is engaging in________

A.

Exportation

B.

Importation

C.

Franchising

D.

Licencing

Correct answer is A

No explanation has been provided for this answer.

323.

If the unit cost price of a product is #90 and sold at a profit margin of 50%, what is the selling price?

A.

#45

B.

#90

C.

#135

D.

#180

Correct answer is C

No explanation has been provided for this answer.

324.

Marketers are involved in production process because____________

A.

They also work in the factory floor

B.

Their ideas are developed into products

C.

They set product price

D.

They purchase raw materials for production

Correct answer is B

No explanation has been provided for this answer.

325.

Which of the following alternatives is a purpose of marketing concept?

A.

Consumer satisfaction

B.

Product quality

C.

Sales volume

D.

Production volume

Correct answer is A

No explanation has been provided for this answer.