2022 NECO GCE MARKETING Questions & Answers: 2021 NECO GCE MARKETING ANSWERS Night before Exam

examplaza.com answers

1BDABDBABCD
11EADDCCACBA
21AEBCBBBAEA
31DDACBAAADB
41DDAAEDAEEB
51EAAEDACDDA



This is actually examplaza.com 2021 NECO GCE MARKETING ANSWERS, if you need 2022 NECO GCE MARKETING Questions & Answers, Click on the chat button to chat us on Whatsapp now. Our Answers come a night to the exam

2022 Marketing Answer NO.: 0


(1a)
Marketing is the process by which firm or companies create customer awareness or interest in product or services
While Market is a set up where two or more parties engage in exchange of goods, services and information

(1b)
(i)Production concept
(ii) Product concept
(iii) selling concept
(iv) Marketing concept

(i) Production concept: The production concept is the idea that a firm should focus on in relation to those products that it could produce most efficiently and that the creation of a supply of low cost products would in and of itself create the demand for the product

(ii) Product concept: This concept assumes that customers will favor those products that offer the most quality for the price and therefore it is important for companies to produce quality products

(iii) selling concept : Under selling concept, companies would not only produce the products, but they would also try to convince customers to buy them through advertising and personal selling. The goals simply was to beat the competition to the sale with little regard to customer satisfaction

(iv) Marketing concept : This concept lays emphasis on marketing management with the twin goals of customer orientation and profitable sales volume. The marketing concept relies upon marketing research to define market segment, their size and their needs.


2022 NECO GCE MARKETING ANSWERS

2022 Marketing Answer NO.: 0


(5ai) (i)there are usually few buyers and sellers

(ii)price discrimination may exist

(iii)entry and exit are restricted

(iv)there is no free flow of information

(5aii) (i)Buyers purchase directly from suppliers

(ii)Business buyers purchase infrequently but their purchase orders are large

(ii)Extended length of negotiations are common

(iv)Heavy demand for service

(5b) Psychological Factors; Human psychology is a major determinant of consumer behavior. These factors are difficult to measure but are powerful enough to influence a buying decision.

(ii)Social Factors; Humans are social beings and they live around many people who influence their buying behavior. Human try to imitate other humans and also wish to be socially accepted in the society.

(iii)Personal Factors; Factors that are personal to the consumers influence their buying behavior. These personal factors differ from person to person, thereby producing different perceptions and consumer behavior.


2022 NECO GCE MARKETING ANSWERS

2022 Marketing Answer NO.: 1


(6a)
International Marketing is the application of marketing principles to satisfy the varied needs and wants of different people residing across the national borders.

(6b)
(i) Utilize productivity capacity
(ii) Synergies between domestic and over sea operation
(iii) entering market before competitor
(iv) it creates employment opportunity

(6c)
(i) Involves high risk and challenges: International marketing with its own advantages is also prone to different and tangible risks and challenges.

(ii) Large-scale operation
Large-scale operations involve relative amount of labor and capital to cater to the needs such as transportation, and warehousing.

(iii) International restrictions The international market needs to abide by different tariff and non-tariff constraints.


2022 NECO GCE MARKETING ANSWERS

2022 Marketing Answer NO.: 1


(2)
(i) Transaction is an activity in which goods, services or money is passed from one account or person to another; n act of doing business; an agreement, exchange, contract that takes place between two parties and establishes a legal obligation.

(ii)Mass marketing is a market strategy in which a firm decides to ignore market segment differences and appeal the whole market with one offer or one strategy, which supports the idea of broadcasting a message that will reach the largest number of people possible

(iii) Demand is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.

(iv) Impulse goods are those products or goods which are bought by a customers on impulse or without significant thought process as opposed to staple or essential goods.

(v) Shopping goods are consumer goods that are usually purchased only after the customer has compared price, quality, and style in more than one store


2022 NECO GCE MARKETING ANSWERS

2022 Marketing Answer NO.: 2


(4a)
Market research is defined as the process of evaluating the feasibility of a new product or service, through research conducted directly with potential consumers.

(4b)
(i)Identification and Defining the Problem
(ii)Statement of Research Objectives
(iii)Planning the Research Design
(iv)Planning the Sample
(v)Data Collection

(4c)
- Importance -
(i)It helps businesses strengthen their position.
(ii) It minimises any investment risk.
(iii)It identifies potential threats and opportunities.
(iv) It assists businesses to stay ahead of the competition.
(v) It provides revenue projections.
(vi)It focuses on customer needs and demands.

- Limitation -
(i)Problem of Trust and Accuracy
(ii)Problem of Rapid Change and today’s market is characterized by tremendous changes
(iii)To conduct marketing research systematically is a luxury.
(iv)Systematic marketing research project needs more time
(v)Extraneous means external and uncontrollable factors.


2022 NECO GCE MARKETING ANSWERS

2022 Marketing Answer NO.: 3


(7a)
Selling is a transaction where a good or service is being exchanged for money. It also refers to the process of persuading a person or organization to buy something.

(7b)
(i) The Assumptive Close.
(ii) The Puppy Dog Close.
(iii) The Backwards Close.
(iv) The Hard Close.

(7c)
(i) Teamwork
As the popular saying goes, two heads are better than one.

(ii) Communication
Communication is the foundation of success in business, negotiation and relationships.

(iii) Problem-solving
When carrying out negotiations, there will always be problems to be solved.


2022 NECO GCE MARKETING ANSWERS

2022 Marketing Answer NO.: 4


(9a)
(i) Convenience Products:
Convenience Products are usually low priced, easily available products that customer buys frequently, without any planning or search effort and with minimum comparison and buying effort.

Example : salt, sugar, milk

(ii) Shopping Products:
Shopping products are high priced (compared to the convenience product), less frequently purchased consumer products and services.

Example : Cars, air conditioners, cars, furniture,

(iii) Speciality Products:
Speciality Products are high priced branded product and services with unique features and the customers are convinced that this product is superior to all other competing brands with regard to its features, quality and hence are willing to pay a high price for the product.

(iv) Unsought Products:
Unsought product is consumer products that the consumer either does not know about or knows about but does not normally think of buying.

Example : cemetery plots, blood donation to Red Cross,


2022 NECO GCE MARKETING ANSWERS

2022 Marketing Answer NO.: 5


(8a)
marketing mix' is a foundation model for businesses, historically centered around product, price, place, and promotion.

(8b)
(i) Product
Product refers to a good or service that a company offers to customers. Ideally, a product should fulfill an existing consumer demand.

(ii) Price
Price is the cost consumers pay for a product. Marketers must link the price to the product's real and perceived value, but they also must consider supply costs, seasonal discounts, and competitors' prices.

(iii) Place
When a company makes decisions regarding place, they are trying to determine where they should sell a product and how to deliver the product to the market.

(iv) Promotion
Promotion includes advertising, public relations, and promotional strategy. The goal of promoting a product is to reveal to consumers why they need it and why they should pay a certain price for it.


2022 NECO GCE MARKETING ANSWERS
examplaza.com answers

You can subscribe now to enjoy early subscription benefits..



2021 EXAM DATES

NECO: 5th July - 16th August

WAEC: 16th August - 30th Sept



Answers to be sent midnight or a day before exam.

Note: There is nothing like JAMB Score upgrading and we don't do it. Please disregard anyone impersonating us trying to scam you with JAMB Score Upgrading.


Share our site to all Candidates on your WhatsApp

Beware of Scammers.... Please always use 08108515604 for all your transactions to avoid being scammed.
NOTE: Any answer that does not have badge can be chnaged, removed or updated anytime. The badge means that the answers have been verified 100% (if used exactly, you're to get nothing but A1) while without the badge means that the answer is still under verification. If you're not in a hurry, please wait for answer to be verified before you copy.
Click on the drop down links to view answer under them.
Good Luck... Invite family and friends to examplaza.com... We are the best and we post, others copy from us.


LEGIT EXPO BEST WEBSITE FOR WAEC EXPO RUNZ, NECO EXPO RUNZ, WAEC GCE EXPO RUNZ, NABTEB EXPO RUNZ, WHATSAPP GROUP LINK, LIST OF EXAM EXPO SITE, TOP BEST EXAM SITE, FREE EXAM EXPO SITE, CEEBOOKANSWERS, EXAMKEY, GURUSCAMP, EXAMBABA, EXAMGREAT, EXPOLOADED, EXAMLOADED, EXAMLORD, GURUSFAMILY, EXPOTAB, GIDIFANS, EXAMPIN, EXAMAFRICA, WAEC CLASS, WAEC WHATSAPP GROUP LINK, EXAM ANSWER, EXPO LEGIT, FUNLOADED, EXPO ANSWER, FREE WAEC EXPO SITE, FREE NECO EXPO SITE

QUESTIONS AND ANSWERS FOR 2022 NECO GCE MARKETING ANSWERS


EXAM DETAILS:


PIN: 3860
Subject: Marketing
Exam:
Year: 2021
Updated At: July 26th 2021, (05:07:02)

SEE ALSO: 2018 WAEC GCE TIME TABLE
SEE ALSO: 2018 Waec Gce geography answers
SEE ALSO: 2018 Waec Gce. Civic Education answers
SEE ALSO: 2020 NECO Chemistry Answers
SEE ALSO: 2021 NABTEB GEOGRAPHY ANSWERS
SEE ALSO: 2021 NABTEB ADVANCED FINANCIAL ACCOUNTING ANSWERS
SEE ALSO: 2020 WAEC GCE 2nd series Agricultural Sci. Answers
SEE ALSO: 2019 WAEC GCE CHEMISTRY PRACTICAL ANSWERS
SEE ALSO: 2018 NECO GCE. ENGLISH LANGUAGE ANSWERS
SEE ALSO: 2018 Neco Data processing answers
SEE ALSO: 2020 WAEC GCE 2nd SERIES GEOGRAPGHY ANSWERS
SEE ALSO: 2019 Waec Catering Craft
SEE ALSO: 2021 NECO GCE BIOLOGY ANSWERS
SEE ALSO: 2021 NABTEB GCE Chemistry Answers
SEE ALSO: 2020 WAEC GCE 2nd SERIES I.R.S Answers
SEE ALSO: 2021 NABTEB GCE ICT Answers
SEE ALSO: 2020 WAEC GCE 2nd series English Lang. Answers
SEE ALSO: 2020 WAEC MAY/JUNE AGRICULTURAL Sc. ANSWERS
SEE ALSO: 2021 NABTEB COMMERCE ANSWERS
SEE ALSO: 2021 NECO PRACTICAL BIOLOGY ANSWERS
SEE ALSO: 2021 NABTEB GCE I.R.S ANSWERS
SEE ALSO: Gce Waec Biology 3 (Alternative to Practical Work)
SEE ALSO: 2020 WAEC MAY/JUNE FISHERIES ALT B ANSWERS
SEE ALSO: 2020 WAEC GCE 2nd series Physics Practical Answers
SEE ALSO: 2020 NECO ANIMAL HUSBANDRY ANSWERS
SEE ALSO: 2019 waec Animal Husbandry Answers
SEE ALSO: 2019 waec literature in english answers
SEE ALSO: 2020 WAEC GCE 2nd SERIES FINANCIAL ACCOUNTING ANSWERS
SEE ALSO: 2021 NECO GCE LITERATURE ANSWERS
SEE ALSO: 2021 NABTEB GCE C.R.S ANSWERS
EZE CHINENYE MILLICENT said: this is my reg number 76039525BB check mine... view all reviews