Waec Marketing 2016 Past Questions and Answers

Question 21:

• WAEC 2016

A function or market union in the local market is to ____________

A. Offer bank loans to members.
B. Establish common market price.
C. Defend members in law courts.
D. Insure products of all members

Question 22:

• WAEC 2016

Which of the following is not a factor that determines the price of a product?

A. Quality of the product
B. Customers ability to pay
C. Competition from suppliers
D. Price of similar products

Question 23:

• WAEC 2016

Which of the following stages is not in the buyer's decision making process?

A. Need recognition
B. Brand identification
C. Information search
D. Purchase decision

Question 24:

• WAEC 2016

An example of specialty goods is ____________

A. Electronics.
B. Noodles.
C. Fruits.
D. Shoes.

Question 25:

• WAEC 2016

.A company that offers storage facility to a seller is ____________

A. Marketing intermediary.Insurer.
B. Buyer.
C. Market facilitator.