Waec Marketing 2021 Past Questions and Answers

Question 11:

• WAEC 2021

An element of the external marketing environment is ____________

A. Organizational policy
B. Company procedures
C. Corporate culture
D. Economic indices

Question 12:

• WAEC 2021

An element of the marketing mix is ____________

A. Processes
B. Place
C. Packaging
D. Production

Question 13:

• WAEC 2021

Which of the following option is not a function of a warehouse?

A. To increase the price of goods
B. Store goods for consumption purpose
C. Store goods till when needed for supply
D. Stabilization of price of goods

Question 14:

• 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 15:

• WAEC 2021

An internal source of fund for an entrepreneur is ____________

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