by Sunday | Jan 8 | Commerce WAEC
A. Nurse B. Cars C. Spoon D. Shoes Correct Answer: Option B B. Cars Explanation Consumer goods are goods and services that can satisfy the consumer’s immediate needs. These goods do not require further process of production for their use by the...
by Sunday | Jan 8 | Commerce WAEC
A. Producers B. Distributors C. Marketers D. Consumers Correct Answer: Option C D. Consumers Explanation It should be noted that production is said to be complete when goods and services produced get to the final users or consumers. The production process involves...
by Sunday | Jan 8 | Commerce WAEC
A. market penetration B. market skimming C. Bid Pricing D. Product Line Pricing Correct Answer: Option C C. Bid Pricing Explanation Bid pricing is used mostly in government contracts. If the object is to obtain the contract, cost will be considered mainly to determine...
by Sunday | Jan 8 | Commerce WAEC
A. consumer satisfaction B. consumer sovereignty C. what to produce D. market research Correct Answer: Option A A. consumer satisfaction Explanation Consumer orientation is the concept of marketing that begins and ends with the needs and wants of the consumers rather...
by Sunday | Jan 8 | Commerce WAEC
A. The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be B. Aviation Insurance C. Marine Insurance D. Life Assurance Correct Answer: Option C C. Marine Insurance Explanation...