WAEC - Marketing (2016)

  • 1
    The term exchange in marketing means__________
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    (B)
    buying and selling of goods.
  • 2
    The system of retailing operation used by Supermarkets is_________
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    (A)
    self service.
  • 3
    A pricing system that relies on customers location to charge different prices is___________
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    (C)
    geographical pricing.
  • 4
    The term Marketing mix describes:
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    (D)
    a blend of elements to satisfy specific target markets.
  • 5
    The source of funds that a firm can use to address cash difficulties within one year is___________
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    (A)
    overdraft.
  • 6
    A function or market union in the local market is to_________
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    (B)
    establish common market price.
  • 7
    Which of the following is not a factor that determines the price of a product?
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    (B)
    Customers ability to pay
  • 8
    Which of the following stages is not in the buyer's decision making process?
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    (B)
    Brand identification
  • 9
    An example of specialty goods is_________
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    (B)
    noodles.
  • 10
    .A company that offers storage facility to a seller is__________
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    (A)
    Marketing intermediary.
  • 11
    A marketing philosophy characterized by stronger focus on consumer, organization and ethical Concerns is_________
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    (D)
    Societal marketing concept
  • 12
    A document used when goods are sent through a common carrier is___________
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    (D)
    Delivery note.
  • 13
    A loss leader is a pricing system where goods are___________
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    (B)
    Overpriced
  • 14
    The banning of cigarette advertisement in a country is___________
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    (A)
    An economic influence on marketing.
  • 15
    One way to express marketing concept is___________
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    (B)
    Customer is the boss.
  • 16
    Which of the following is not a function of a warehouse?
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    (A)
    Allowing pilfering of goods.
  • 17
    A market outlet where one single product line is sold is____________
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    (A)
    mobile shops.
  • 18
    A name. term, symbol or their combination that identifies the producer of a product is__________
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    (C)
    Brand
  • 19
    Perishable products are better transported by_________
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    (C)
    Air.
  • 20
    The offering of trial products either for free or at a nominal price to consumers is__________
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    (C)
    Bonus packs.
  • 21
    In marketing research, data that is collected from the target market is_________
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    (B)
    Primary data.
  • 22
    Which of the following is not a tool of sales promotion?
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    (B)
    Premium
  • 23
    The reward for an entrepreneur is_____
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    (B)
    Profit
  • 24
    The information obtained from a marketing plan is______
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    (A)
    Data
  • 25
    The closest channel member to the consumer is_________
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    (A)
    Retailer.
  • 26
    A practice of overstating the feature of a product to lure buyers to a store is_________
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    (A)
    Deceptive advertising.
  • 27
    A commercial building for the storage of goods is a____________
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    (C)
    Warehouse.
  • 28
    In marketing. demand means what the family___________
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    (A)
    Needs.
  • 29
    A store that sells a single product supplied and produced by one manufacturer is___________
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    (B)
    Tied shop.
  • 30
    A merchandiser is a person who is responsible for the___________
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    (C)
    Attractive display of products.
  • 31
    The stage in the consumer buying decision process where the consumer assesses different products on the basis of what he has learnt is___________
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    (C)
    Need recognition stage.
  • 32
    The stage in a product life circle where advertising is needed in most is_______________
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    (D)
    Introduction stage
  • 33
    The exchange of goods and services in international marketing is_____________
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    (B)
    Foreign trade.
  • 34
    An arrangement whereby a foreigner pool resources with a local entrepreneur to form a business is_________
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    (D)
    Strategic alliance
  • 35
    A feature of cash and carry wholesaler is that it___________
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    (B)
    Charges lower prices than other wholesalers.