WAEC - Marketing (2022)

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

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    (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?

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