WAEC - Marketing (2022)

1
Which of the following items is an example of industrial goods?
Answer
(A)
Cassava tuber
2
The first institution to introduce a degree programme in marketing in Nigeria is University of
Answer
(B)
Nigeria, Nsukka
3
Which of the following marketing terms is applied to a buyer that obtains a desired product by offering something in return?
Answer
(D)
Exchange
4
A company's orientation that concentrates on mass distribution and low cost of it's products is a 
Answer
(B)
production concept
5
Which of the following business orientations stresses that promotional efforts are necessary before customers buy a product?
Answer
(C)
selling concept
6
A set of controllable variables that a firm uses to pursue it's objectives is 
Answer
(D)
marketing mix
7
A feature of product as a maketing mix element is 
Answer
(B)
warranty
8
Which marketing mix element is applicable when a firm provides parking space for it's customers? 
Answer
(D)
promotion
9
In marketing, the term product refers to
Answer
(C)
goods and ideas
10
Milk, sugar and bread bought by Amaka for her children's breakfast is an example of
Answer
(B)
convenience goods
11
Companies that purchase goods for further processing is an example of 
Answer
(B)
an industrial market
12
Which of the following statements explains an organizational market
Answer
(D)
Purchasing is done by trained personnel
13
At what stage in the buying process does a consumer consider product attributes of valuable brands?
Answer
(B)
Alternative evaluation
14
The last stage in the consumer buying decision process is
Answer
(D)
post-purchase decision
15
The process of collecting and analyzing relevant information to solve a marketing problem is marketing
Answer
(C)
audit
16
An information required for marketing planning is 
Answer
(C)
previous year's sales volume
17
The purpose of feedback from customers who use a company's product is to
Answer
(B)
improve the quality of products
18

A retailer's cost and selling price for a bag of rice are N10,000 and N14,000 respectively.

What is the company's mark-up on cost?

Answer
(C)
40%
19

A retailer's cost and selling price for a bag of rice are N10,000 and N14,000 respectively.

What is the retailer's profit per bag of rice if he incurs an additional cost of N500 on each bag of rice?

Answer
(B)
N3,500
20
Which of the following activities is not a function of advertising? It
Answer
(D)
encourages middlemen to stock a product desired
21
An example of a non-personal means of reaching the target audience by an identified sponsor is
Answer
(D)
billboard
22
A reason for granting quantity discount is to 
Answer
(B)
encourage bulk purchases
23
Coupon is used as a sale promotional tool targeted at
Answer
(B)
consumers
24
The creation of awareness for product at the point of sale is
Answer
(B)
sampling
25
An example of merchandising activity is 
Answer
(B)
displaying product at the retail store
26
The channel member who does not take title to goods is the
Answer
(C)
agent
27
Which of the following distribution channels would be used to sell tractors and cranes?
Answer
(A)
Producer>Agent>Consumer
28
The document that shows the details of goods being transported is the
Answer
(C)
waybill
29
One of the reasons transportation is important is that it
Answer
(C)
facilitates the distribution of goods
30
An example of a government warehouse is
Answer
(B)
bonded warehouse
31
Which of the following goods are kept in bonded warehouse?
Answer
(B)
Dutiable goods
32
A body that comprises sellers of onions in an area is an example of a
Answer
(B)
market union
33
An example of market facilitator is
Answer
(A)
transportation companies
34
A method of engaging in international marketing with the lowest business risk is
Answer
(A)
agency
35
A  form of engaging in international marketing that involves the pooling of resources between local and foreign firms is 
Answer
(A)
joint venture