Question 291:

• WAEC 2021

The willingness and ability to identify business opportunity, establish and operate it successfully is ____________

A. Distribution
B. Wholesaling
C. Entrepreneurship
D. Purchasing

Question 292:

• WAEC 2021

An internal source of fund for an entrepreneur is ____________

A. Bank loan
B. Overdraft
C. Trade credit
D. Retained earnings

Question 293:

• WAEC 2021

An example of long-term source of fund for an entrepreneur is ____________

A. Debenture
B. Trade credits
C. Overdraft
D. Customer advances

Question 294:

• WAEC 2021

The idea that consumers will prefer goods and services that are available and affordable is ____________

A. Selling concept
B. Product concept
C. Production concept
D. Marketing concept

Question 295:

• WAEC 2021

Which of the following alternatives is a purpose of marketing concept?

A. Consumer satisfaction
B. Product quality
C. Sales volume
D. Production volume