WAEC Marketing Questions and Answers. I will be showing you WAEC Marketing ideal and proposition repeated questions for free. You will also understand how WAEC Marketing questions are set and multitudinous farther examination details.
waec marketing
The West African Examination Council is an examination body that set questions yearly from areas pupil should, after their studies in senior secondary academe, be suitable to write and pass without stress.
Contents ( hide)
1 WAEC2022/ 2023 Marketing Answers to Questions ( Exhibition)
2 WAEC Marketing Essay and Objective 2022 ( Exhibition)
2.1 MARKETING Objects (OBJ) ANSWERS Loading
3 Areas of Attention on WAEC Marketing
3.1 Follow strictly the instruction on the Marketing test paper
4 How to Pass WAEC Marketing Examination
4.0.1 1. Have a Positive Mindset
4.0.2 2. Avoid Bad Companies
4.0.3 3. Set Good Target and Plans
4.0.4 4. Get WAEC Marketing Recommended Textbooks 2022
4.0.5 5. Get WAEC Marketing Past Question
4.0.6 6. Start Preparing for WAEC Marketing 2022
4.0.7 7. Avoid Skipping Samples and Exercises
4.0.8 8. Test Yourself on WAEC Marketing Questions and Answers
4.0.9 9. Do Constant Practice
4.0.10 10. Produce Time for Recreation
WAEC2022/ 2023 Marketing Answers to Questions ( Exhibition)
WAEC Marketing Questions and Answers2022/ 2023 to OBJ/ ESSAY will be posted also during the examination
WAEC Marketing Answers 2022 Loading …
Moment’s WAEC Marketing Answers
(1a)
( Choose Any Five)
(i) Rent Rates & Impositions.
(ii) Pool Vacuity, Labor Chops & Costs.
(iii) Roads, Highways & Traffic Flow.
(iv) Contiguity to Airport, Railway Stations & Harbors.
(v) Requests & Original – Terrain Factors.
(vi) Structure Vacuity & Avail Costs.
(1b)
(i) Entering operations that involve the assignment of exchanges to docks, the scheduling and execution of disburdening exertion.
(ii) Storing material’s movement from disburdening area to its designated place in force.
(iii) Order Picking the process of carrying the right amount of the right products for a set of customer orders.
(iv) Shipping execution of packing and truck’s loading after picking, involving also the assignment of exchanges to docks
.
(v) Delivery the vehicle time for transportation from the storage to the customer.
(2a)
(i) By drooling with unknown people
(ii) By transferring and entering pornography
(iii) By using bad language for e marketing
(iv) By pretending to be someone fresh
(v) By changing the internet address
(vi) By changing the voice mode while drooling
(2b)
(i) It will help to reduces the law of advertisement to Ajax LTD
(ii) It will helps the company to track the rate of return on their investment
(iii) It will helps to probe on multitudinous guests at the same time
(iv) It will enables Ajax LTD to epitomize dispatches effectively
(v) It will helps the company to know the number of their guests effectively.
No 5 (a)
Pick any four)
(i) Marketing planning provides direction for all association marketing trouble
(ii) Marketing planning help association to raise finance for capital expenditure.
(iii) Marketing planning prevents time wasting on ineffectual marketing exertion.
(iv) It save capitalist by helping to ensure that the marketing budget is spent effectively
(v) It helps to identify. prerequisites to planned exertion.
(vi) It helps to induce farther guests by communicating effectively.
(5b)
(5bii)
(i) overseeing trade agreement
(ii) Reducing trade walls
(iii) Reducing worldwide tariffs
(iv) Interceding disagreement
(6a)
( Pick any Four)
(i) Derived Demand.
(ii) High attention of product
(iii) Direct channel of distribution
(iv) Numerous Buyers And Large Volume.
(v) Professional buying
(6b)
(i) Artificial request It involves set of all individualities and associations that acquire goods and services that enter into the product of other products or services that are sold, rented, or supplied to others.
(ii) Reseller marketA request conforming of wholesalers and retailers who buy products forresalepurposes.Resellers buy finished goods and resell them to the coming position in a given distribution channel.
(iii) Government request A government request is a request where the main buyers are civil, state, and original governmental associations. They buy goods or services from private businesses.
,
.
1. The performance of business exertion that direct the flux of goods and services from patron to consumer is
A. distribution.
B. marketing.
C. advertising.
D. creation.
2. Goods produced for immediate use by a ménage is classified as
A. artificial goods.
B. request goods.
C. durable goods.
D. consumer goods.
3. Which of the following is not a element of marketing mix?
A. Price
B. Product
C. Profit
D. Promotion
4. Which of the following is not told by consumer behavior?
A. Life style
B. Culture
C. Religion
D. Distribution
5. In Nigeria, the body that ensures that its members operate according to their professional ethics is the
.
A. SON
B. NPF
C. MAN
D. NAFDAC
6. The current topmost decision- making body on privatization and commercialization of public enterprises in Nigeria is the
A National Council on Privatization
B Securities and Exchange Commission
C Nigeria Investment Promotion Commission
D Bureau of Public Enterprises
7. The principle of reprisal is NOT applicable to
A. Life assurance
B. Accident insurance
C. Fire insurance
D. Marine insurance
See WAEC Data Processing Answers
8. The advertising medium which combines sight and sound is the
A. Radio
B. Television
C. Publish media
D. bills
Show Answer
9. The check of the unlisted patent medicine stores is geared towards sound
A. profitable terrain
B. social terrain
C. physical terrain
D. legal terrain
1O. The recommendation made by the Central Bank to the marketable banks in respect of their lending policy is known as
A. directives
B. moral persuasion
C. monitory notes
D. connection
11. Waybill is a document driving details of goods transferred by
A. public vehicle, train and air
.
B. train advertisement boat
C. boat alone
D. air alone
12. An association of the top business enterprises in an area is appertained to as
A. Article of association
B. Memorandum of Association
C. Chambers of Commerce
D. Chambers of Companies
13. Commission salesman include the following except
A. Factors
B. Brokers
C. Del credere agents
D. Partners
14. Into which of the following two broad areas can trade be divided
A. home and foreign trade
B. commercial and retail trade
C. senses and exports
D. visible and inconspicuous trade
15. Which of the following is not true of sole procurement?
A. It has a separate legal reality
B. It has unlimited liability
C. It has slim chances of expansion
D. It can convert into a company
16. Commerce means
A. The creation of avail
B. Exchange of goods and services
C. Exchange and distribution of goods and services
D. Exchange and distribution of goods
17. The most common means of transport in the riverine area is
A. Bus
B. Canoe
C. Train
D. helicopter
18. Which of the following cheques could not be cashed across the counter?
A. Crossed cheque
B. Order cheque
C. Certified cheque
D. Bearer cheque
See WAEC Government Questions and Answers
19. In marketing, any good or service that satisfies the consumer is called a
.
A. Place
B. Product
C. Promotion
D. price
2O. Which of the following is anon-consumable item in the office?
A. Furniture
B. Loose wastes
C. Office legs
D. Train labels
21. One of the obstacles to achieving one ideal of ECOWAS is
A. Lack of common currency
B. Social liaison
C. Sovereignty of countries
D. Language differences
22. One of the main objects of establishing the Niger River Basin Commission was to
A. Embark on a comprehensive check of the available water resources
B. Carry out disquisition for the development of fresh water fisheries
C. Develop infrastructures to grease profitable exertion
D. Promote trade among member- countries to meliorate morals of living
23. The introductory function of the Nigerian Port Authority is to
A. Ensure that the right quality of help is employed at the harbors
B. Coordinates and regulate the exertion of shipping lines
C. Facilitate and control the movement of goods thirsty services into and out of the country
D. Coordinate the exertion of all the seaports in the country
24. The practice by which an insurance company accepts a truly large trouble and after shares it with other insurance companies is called
A. subrogation
B. donation
C.re-insurance
D. identity
25. Goods imported to a country for the purpose ofre-exporting attracts a rebate known as
A) guests disbenefit
B) import majesty
C) incitement
D) import rebate
26. The nominal value of a share as specified in the memorandum of association and the share certified is the
A. blinked value
B. stock value
C. face value
D. par value
27. “ Caveat emptor” as a marketable legal word means
A. Let the dealer guard
B. Let the patron guard
C. Let the buyer be awarded
D. Let the buyer guard
28. The main point of a supermarket is the trade of
A. Office outfit only
B. Food stuff only
C. General ménage goods
D. Building paraphernalia
29. The boat that is used as a ocean hack is called
A. Linens
B.Tramps
C. Tankers
D. coasters
30. Which of the following is not a price for labour
A. Earnings
B. hires
C. Stipend
D. allowances
31. The person who calculates decoration, totalities assured and handovers value in insurance contract is called
.
A. accountant
B. actuary
C. valuer
D. adjudicator
32. In the contract of trade of goods, let the buyer guard’is signified by
.
A. del credence
B. caveat vendetta
C. caveat emptor
D. res ipsaloquitor
33. The main purpose of establishing a public pot is to
A. give employment
B. give essential services
C. make profit
D. establish monopoly
34. Factorizing is a trade debt term used when the agent buys all the trade debts of the
A. Importer
B. Exporter
C. Nations
D. guests
35. Rousters as a term in foreign trade means men who
A. check goods in vessels
B. import goods by vessels
C. collect duties
D. cargo and discharge vessels
36. A close indenture is an instruction to an agent to
A. Order goods from a particular manufacturer
B. Order goods from any manufacturer
C. Vend goods in any form
D. Vend goods to a certain establishment
37. Profit expressed as a chance of the goods vended is appertained to as
A. Margin
B. Mark up
C. Gain chance
D. Gross profit
38. The main advantage of a sole dealer is its freedom to
A. Employ anyone he likes
B. Seek advice from any source
C. Take quick opinions
D. Plough all the gains back into the business
39. In the case of voluntary liquidation of a business is (lie receiver is appointed by
A. Creditors
B. Debtors
C. Directors
D. Shareholders
40. When a company was further of loans than equity to finance its business, the company is said to be
.
A. Bankrupt
B. Solvent
C. High geared
D. In a strong liquid position
41. Rights issue means the
A. Issue of shares to the directors of a company on favourable enterprises
B. Issue of shares of a company only to the author of the company
C. Rights of shareholder to bounce on any issue
D. Issue of shares to shareholders on favourable terms
42. A term which indicates that a share is temporary suspended is
A.Ex-dividend
B.Un-dividend
C. Bond
D. stock
43. Excise duties are paid on goods that are
A. imported into the country
B. manufactured within the country
C. exported to other countries
D. kept in clicked storages
44. The business in the stock exchange is characterized basically by
A. dealing
B. brokerage
C. enterprises
D. deals
45. The insurance policy which provides full cover against all pitfalls at swell is known as
A. policy with particular average
B. policy free of particular average
C. marine freight insurance
D. marine passage policy insurance
46. A major liability of a marketable bank arises form
A. guests deposit
B. loans and advances
C. overdrafts
D. staff allowances
47. In the channel of distribution, which of the following sets is entirely made up of middle men?
.A. Wholesales, retailers and agents
.
B. Manufacturers, consumers and retailers
.
C. Wholesales, agents and consumers
.
D. Retailers, manufacturers and wholesales
47. In the channel of distribution, which of the following sets is entirely made up of middle men?
.
A. Wholesales, retailers and agents
.
B. Manufacturers, consumers and retailers
.
C. Wholesales, agents and consumers
.
D. Retailers, manufacturers and wholesales
.
48. Utmost foreign trade deals are paid through the use of
A. Central Bank cheques
B. Bank drafts drawn by marketable banks on their foreign branches
C. Irrevocable and verified letters of credits
D. Letters of credit authenticated by the delegacies of the separate countries
49. The junction of two companies producing same type of yield is an illustration of
A. Vertical integration
B. Vertical integration
C. Internal junction
D. An accession
Given
Opening stock
Purchases
Ending stock
Deals
50. Which is the cost of goods vended?
A.
B.95.000.00
C.
D.
51. The business association in which shareholders have equal votes is
A. Sole procurement
B. Partnership
C. Cooperative
D. Limited liability company
52. One type of investment that has a variable income is
A. Debentures
B. Preferred shares
C. Government bonds
D. Ordinary shares
53. A public limited company can raise long term loans through
A. The capital request
B. The plutocrat request
C. Bank overdraft
D. Discount houses
54. The selling of composition from place to place on bottom is
A. Mailorder
B. Itinerant trading
C. Barter
D. Self service
55. Which of the following is the safest way of transferring important document s through the post?
A. Registered correspondence
B. Parcel post
C. Letter post
D. Segmenting
56. Which of the following is an advertising function?
A. Packaging
B. Prevailing
C. Grading
D. Segmenting
57. Unlimited liability in business implies that the
A. Risk of the proprietor is limited only to the quantum invested
B. Debts are paid with grants
C. Property of the possessors should not’ be used to secure loans
D. Owners private property can be used to settle business debt
58. The practice of dealing a product below the cost price to attract guests to a shop is known as
A. Hedging
B. loss leader
C. Skimming
D. Under-invoicing
59. The business terrain that takes into cognizance the age distribution, ethnical blend and educational position of the consumer is
.
A. Demographic terrain
B. Economic terrain
C. Cultural terrain
D. Natural terrain
60. An advertisement of a person’s amenability to enter into a contract is appertained to as
A. A deputy
B. An offer
C. A consideration
D. An acceptance
More WAEC questions and answers on Marketing
1. A major function of an entrepreneur is
A. Decision- making
B. Encouraging competition
C. Human- resource training
D. Motivating workers
2. Which of these is a form of deals creation?
A. Advertising on radio
B. Offering free samples
C. Distributing published accoutrements
D. Advertising on radio
3. Which of the following has the shortest effect on the consumer
A. Fashion
B. Innovation
C. Fad
D. trait
4. What's the lifetime of a cheque which is drawn but not presented incontinently for payment?
A. 30days
B. 2 months
C. 6 months
D. 12 months
5. Which of the following isn't a function of plutocrat?
A. a medium of exchange
B. serves as a store of value
C. fluently recongnisable
D. makes remitted payment possible
6. Who among the following doesn't serve in the stock exchange request?
A. Bull
B. Broker
C. Jobber
D. Protagonist
7. Which of the following doesn't impact the choice of a means of transport?
A. Distance
B. value of goods
C. Urgency
D. Brand of vehicle
8. Which of the following types of cheque cover the holder against threat of loss
A. Open cheque
B. Bearer cheque
C.Post-dated cheque
D. Crossed cheque
9. Establishing and maintaining collective understanding between an association and its guests is known as
A. Marketing conception
B. Advertising
C. Public relations
D. Sales creation
10. Which of the following is transferred by a supplier who doesn't want to vend on credit?
A. Proforma tab
B. Quotation
C. Consular tab
D. Advice note
11. Which of the following features is common to all retailers?
A. Operating as sole possessors
B. Selling to the final consumers
C. Operating with small capital
D. Selling on hire purchase to consumers
12. Which of the following are simply functions of marketing?
A. Buying, pricing, dealing and creation
.
B. Threat- bearing, storehouse, product and transporting
.
C. Organizing, threat- bearing, transporting and storehouse
.
D. Production, creation, distribution and recruiting
.
13. Which of the following describes the reason for transnational trade?
A. Balance of payment
B. Relative cost advantage
C. Absolute bring advantage
D. Balance of trade
14. Which of the following implies that the price quoted includes the cost of insurance and carriage?
A)F.O.B
B) FASC
C)O.D
D)C.I.F
15. Which of the following has no limit to its class?
A) Ordinary cooperation
B) Private L imited Company
C) Limited Partnership
D) United Society
16. Which of the following doesn't lead to the dissolution of a cooperation?
A) absence of a deed of cooperation
B) pullout of a mate
C) incapability of any of the mates
D) completion of contractual term
17. Which of the following are features of a limited liability company?
i. Separate legal reality
ii. Right to sue but not be sued
iii. Has its own commercial name
iv. the incapability of members is limited
A) I, II and III
.
B) II, III and IV
.
C) I, II and IV
.
D) I, III and IV
.
18. When shares are vended “EX-D1V”, it means that
.
A) No tip is paid on the shares
B) The buyer receives the tip
C) The dealer receives the tip
D) The stock exchange receives the tip
19. A retail outlet meant to vend only a particular manufacturer’s product is known as a
A) United Shop
B) Chain store
C) Department store
D) Tied shop
20. An inimical balance of trade for a country means that her
A) Exports exceed import
B) Visible significances exceed visible exports
C) Unnoticeable import exceeds visible significances
D) Import & exports are equal
WAEC Marketing Essay and Objective 2022 ( Exhibit)
The below questions aren't exactly 2022 WAEC Marketing questions and answers but likely WAEC Marketing repeated questions and answers and WAEC Marketing past questions.
These questions are for practice. The 2022 WAEC Marketing exhibit will be posted on this runner moment during the WAEC Marketing examination. Keep checking and refreshing/ reloading this runner for the answers.
WAEC Marketing Questions and Answers 2022 Loading …
Moment’s WAEC Marketing Answers (2020 Answers)
(1ai)
(i) TV
(ii) Radio
(iii) Review
(iv) Billboard
(v) Magazine
(vi) Cinema
(1b)
(i) It provides an edge for the company’s product in the competitive request
(iii) It boosts the business image of the company and strengthens the quality of its brand
(iv) It stimulates the company’s deals thereby adding profit
(1c)
(i) Nature of the product
(ii) Cost of the service
(iii) Speed of Transport
(iv) Safety and security of the products
4a)
(i) To identify the problem areas in the company.
(ii) To understand the requirements of being guests and why they choose the services of the company over challengers.
(iii) To identify new business openings and changing request trends.
(iv) To fete new areas for expansion, and increase client base.
(v) To develop new, effective strategies by understanding the request grounded on request exploration results
.
(4b)
(i) Define the Problem or Opportunity
(ii) Develop The Marketing Research Plan.
(iii) Collect Applicable Data and Information.
(iv) Analyze Data and Report Findings
(v) Put The Research Results into Action
(5a)
(i) Name of product
(ii) Expiry date
(iii) Constituents
(iv) Weight
(v) Manufacturer’s contact details
(vi) Direction/ Instruction for operation
(5b)
(i) It gets consumer attention snappily
(ii) It helps for brand recognition
(iii) It creates a unique identity of the product
(5c)
(i) It reaches a wide followership
(ii) It grabs attention by combining sight and sound
(iii) It allow advertisers to produce a long lasting and memorable brand and commercial image
(iv) It induce emotional responses from the bystander thereby adding bystander trust for the product
(6a)
(i) Organizational buying geste involves copping goods and services to produce another good with the intention of reselling it while Consumer buying geste is where the final consumer buys goods and services for the particular consumption
(ii) In organizational buying geste, opinions are constantly made by several people while opinions are generally made by individualities in consumer buying geste
. (iii) In Organizational buying geste, it may engage in lengthy decision process while in Consumer buying geste, Individual may make quick decision in copping
. (iv) In Organizational buying geste, the buying is done in large volume while in Consumer buying geste, individualities buys only the necessary volume of goods which is generally small.
(6b)
(i) Technological factors
(ii) Programs
(iii) Organizational structure
(i) Technological factors Technological factors also affect organizational geste. This includes position of technology, pace of technology, technology transfer etc. E-commerce as well as information technology has got revolutionary change. It has directly affected organizational buying geste.
(ii) Programs Purchasing or buying policy also goods organizational buying geste. Goods should be bought according to buying policy of theorganization.However, the buyer can not buy foreign goods, If the association has the policy of buying indigenousgoods.However, whichever goods, foreign or indigenous, If the purchasing policy is silent in this matter.
(iii) Organizational structure Organizational structure defines authority and relations which directly affects buying geste. In some associations, goods or services are bought by direct order of principal superintendent while in some other associations, goods or services are bought through purchase department. So, buying geste is affected by organizational structure.
Keep Reloading this runner for further answers
MARKETING Objects (OBJ) ANSWERS Loading
1-10 CACCBBDCAB
11-20 CACDCCDCDC
21-30 BDCAABABCD
31-40 CABBCCDCCB
Areas of Attention on WAEC Marketing
Preface to Marketing
(a) Meaning;
(b) Explanation of introductory terms in marketing requirements, wants, demands,
. product, exchange, deals, and requests,
.
(c) Detail history of marketing in Nigeria;
(d) Functions of marketing.
Marketing Generalities
(a) Meaning;
(b) Colorful marketing generalities ( product, product, selling, marketing and societal marketing).
Marketing Mix and Marketing Environment
(a) Meaning;
(b) Rudiments;
(c) i Explain Marketing Environment
(c) ii Factors affecting marketing terrain
– political;
– artistic;
– religious;
– profitable;
– technological;
– social.
Products
(a) Meaning;
(b) Bracket ( Artificial goods, consumer goods,
.
services, primary and secondary products and mineral products- canvas and non canvas;
.
(c) Distinctions between classes of products.
(d) Product Design *
Requests
(a) Meaning;
(b) Bracket
– Consumer;
– Organization ( artificial, reseller and government)
.
Consumer and Organizational Behaviour
(a) Meaning;
(b) Impacting factors;
(c) Decision process in logical order
Marketing Planning and Research
(a) i Meaning, process and significance;
.
ii Rudiments of marketing planning;
iii Information needed for marketing planning
(b) Reasons for marketing planning and exploration.
(c) Application of feedback
Pricing
(a) Meaning;
(b) i Strategies ( dealing, cost- plus, demand and
.
competition);
ii Operation of strategies *
(c) Price determinants.
Advertising
(a) Description;
(b) Functions;
(c) Media – meaning, types, advantages and disadvantages.
(d) Product of sample announcements *
Deals Promotion
(a) Meaning and Functions;
(b) Forms – price-off, tickets, clerks competition,
.
fidelity schemes, decoration offers, trade-in- allowance,
.
slice, training schemes, and retailing impulses.
Retailing
(a) Meaning;
(b) Rudiments (packaging, branding and labeling)
.
(C) Impacting factors;
(d) Functions.
Distribution
(a) Description;
(b) Channels of distribution ( description and types)
(c) Factors impacting choice of distribution channels
(d) Functions of channel members.
Transportation
(a) Meaning, mode, choice and significance
.
(b) Documents used in transportation;
(c) Factors affecting choice of transportation
Warehousing
(a) Meaning, types and functions.
(b) Conditioning in the storehouse
Request Unions and Facilitators
(a) Request Unions ( Meaning and types)
(b) Places of Request Unions in original requests;
(c) Request Facilitators – meaning, types and places.
International Marketing
(a) Meaning, significance/ reasons and styles of engaging in transnational marketing,
.
(b) Impacting factors;
(c) Guiding rules and regulations;
ICT in Marketing
(a)E-Marketing (electronic marketing) – meaning,, significance, uses, ethics and abuses.
Entrepreneurship in Marketing
(a) Meaning of entrepreneurship and entrepreneur;
( b) Sources of finances;
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