Waec Marketing 2021 Past Questions and Answers

Question 16:

• 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 17:

• 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 18:

• 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

Question 19:

• WAEC 2021

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 20:

• WAEC 2021

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