Question 236:

• WAEC 2020

A type of pricing where a buyer and a seller continue to bargain until an agreement is reached for the price of a product is ____________

A. Cost-plus
B. Haggling
C. Hedging
D. Loss-leader

Question 237:

• WAEC 2020

An advantage of road transportation over air transportation is that ____________

A. Fares are not fixed but negotiable
B. It is suitable for carrying bulky goods
C. Movements are on special routes
D. It is a faster means of moving goods

Question 238:

• WAEC 2020

Which of these means of advertising is an electronic medium?

A. Catalogue
B. Television
C. Magazine
D. Newspaper

Question 239:

• WAEC 2020

A facility that would be used by a producer that wants to reduce fluctuations in product supply is ____________

A. Wholesaling
B. Retailing
C. Warehousing
D. Merchandizing

Question 240:

• WAEC 2020

The application of marketing activities beyond a country's national boundaries is ____________

A. Domestic marketing
B. Wholesale marketing
C. Retail marketing
D. International marketing