Waec Marketing Past Questions
Question 36
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
Question 37
A company that sells its goods directly in foreign countries is engaging in________
- A. Exportation
- B. Importation
- C. Franchising
- D. Licencing
Question 38
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
Question 39
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
Question 40
Which of the following alternatives is a purpose of marketing concept?
- A. Consumer satisfaction
- B. Product quality
- C. Sales volume
- D. Production volume
