Neco Marketing 2021 Answers

Neco Marketing Answers 2021. neco Marketing 2021, Here you will the the verified neco Marketing expo 2021, neco Marketing questions and answers 2021, Neco 2021 Marketing Answers, neco question and answer 2021, 2021 neco Marketing obj and Theory Answers, neco Marketing 2021, Many NECO candidates find it difficult to answer the NECO 2021 Marketing obj and theory question and Answers correctly due to not understanding the questions. I will show you the best way to answer NECO Marketing Obj and Theory questions and make a good NECO result in your Marketing examination.


Objective & Essay – Marketing – 10:00am-12:40pm


MARKETING OBJ:
1-10: BAEDACAAAB
11-20: DEBEBCCCAE
21-30: EBDDABCCCC
31-40: EBBDBCBBDA
41-50: DAAADAAAEE
51-60: CABCBADBEB


(1a)
(i)Intensive distribution strategy involves selling a product in as many outlets as possible.
WHILE Selective distribution involves selling a product at select outlets in specific locations.
(ii)Intensive distribution is appropriate for products such as chewing gum,candy bars,soft drink etc WHILE Selective distribution may be user for product categories such as clothing,appliances ,televisions etc.

(1b)
(Pick Any Four)
(i)Nature of product: Nature of product on the selection of a channel of distribution. In the case of industrial goods like machinery and equipment, the manufacturer sells directly to industrial user, but in the case of tools, sales take place through middlemen.

(ii)Nature of Market: Choice of suitable channel of distribution also depends on the nature of market. Location of the market and the buying habits of buyers are also analysed.

(iii)Distribution expenses: If the producer makes direct selling, he will have to spend on distribution. But if, the product gets good response from the dealers, a producer will prefer to sell through them so reduce his distribution expenses.

(iv)popularity of goods: If the goods are popular among the consumers, the dealers themselves comes forward to buy. Then the producer may not like to open his own shops to sell the goods

(v)Prompt payment: A producer may not like to sell to retailer or big consumers because they insist to make purchase on credit ,He therefore ,prefer to sell to a wholesaler who purchase usually on ready cash.


(9a)
A marketing plan outlines the specific actions you intend to carry out to impress potential customers and clients of your products or services and persuade them to buy the product or services you offer. A marketing plan may be developed as a stand alone document of a business plan.

(9b)
(Pick Any Four)
(i) It prevent time wasting on ineffectual marketing activities
(ii) Marketing plan enables you to create guidelines for evaluating the effectiveness of different methods.
(iii)marketing plan help raise finance for capital expenditure.
(iv) It saves money by helping to ensure that the marketing budget is spent effectively.
(v) Marketing plan helps to identify prerequisites to planned activities

(9c)
(Pick Any Four)
(i) Continuous process
(ii) Wide scope
(iii) Aid to decision-making
(iv) Uncertainty of conclusions:
(v) Applied research
(vi) Commercial intelligence


(5a)
Product Life Cycle defines the stages that a product moves through in the marketplace as it enters, becomes established, and exits the marketplace. In other words, the product life cycle describes the stages that a product is likely to experience.

(5b)
(i)Introduction Stage: In this stage, company profit is small (if any) as the product is new and untested. The introduction stage requires significant marketing efforts, as customers may be unwilling or unlikely to test the product. There are no benefits from economies of scale, as production capacity is not maximized.

(ii)Growth Stage: In the growth stage, sales revenue usually grows exponentially from the take-off point. Economies of scale are realized as sales revenues increase faster than costs and production reaches capacity.

(iii)Maturity Stage: In this stage, price undercutting and increased promotional efforts are common as companies try to capture customers from competitors. Due to fierce competition, weaker competitors will eventually exit the marketplace – the shake-out.

(iv) Decline Stage: In the decline stage, sales of the product start to fall and profitability decreases. This is primarily due to the market entry of other innovative or substitute products that satisfy customer needs better than the current product.


(6a)
Bargaining is a type of negotiation in which the buyer and seller of a good or service bargain about the price with which to pay and the exact nature of the transaction that will take place , and eventually come to an agreement.

(6b)
(Pick Any Four)
(i)Communication:Communication is the foundation of success in business, negotiation and relationships. Some of the most successful people in the world are the best communicators. Good communicators understand the other party and clarifies all doubts.

(ii)Patience: It can take time before you arrive at a conclusion that is beneficial to both parties. You’ll have to listen, take notes and comment on the other party’s problems and perspectives. And this can take up a lot of time. You’ll need to exercise patience while dealing with the other party to arrive at a worthy conclusion.

(iii)Body language: People tend to focus more on non-verbal skills than verbal skills. Nonverbal body language includes gestures, attires and postures. For instance, if the lead negotiator of a particular company turns up wearing a cap and t-shirt with unkempt hair and sits in a slouching position, it will create a negative appeal and the client is less likely to be persuaded into an agreement.

(iv)Communication: Communication is the foundation of success in business, negotiation and relationships. Some of the most successful people in the world are the best communicators. Good communicators understand the other party and clarifies all doubts.

(v)Etiquette: Having etiquette means managing your time effectively, addressing the other party with respect, being enthusiastic and communicating professionally. These are required to create a professional presence.

(vi)Presentation: Presentations should address the problems and solutions by putting forward a plan of action that can be easily implemented. It is vital that you use these in your negotiations.


(2a)
Market union are group of people that are responsible of coordinating and maintaining peace and order in the market. They ensure availability of goods and services in the market.

(2b)
Primary products are bought frequently by consumers but not in large quantities because they are non durable goods
Example:
Potatoes

WHILE
secondary products are products that are bought often in a routine manner without much thought on regular basis
Example: Shoes

(2c)
(Choose Any Five)
(i)They are responsible for settlement of disputes through negotiations, joint consultation and voluntary arbitration.
(ii)They prevent market Union from exploitation of personal and political interest.
(iii)They request for production of quality goods and services from the manufacturer.
(iv)They prevent inter union rivalry and Maintaining integrity of trade Union movement
(v)They develop positive public opinion regarding unions which will lead to their improved social status.
(vi)They encourage public regarding government plans and policies and to mobilize people’s participation for their effective implementation in society at large.


BONUS
(7)
(i)Marketing environment: Market Environment is a term that is used to collectively identity all the elements that have some impact on the actual performance of a market. This includes events and factors that occur within the context of the market itself and also any elements that are based outside the market.

(7ii)
Marketing mix: Marketing mix is a general phrase used to describe the different kinds of choices organizations have to make in the whole process of bringing a product or service to market. Marketing mix is often synonymous with the four PS : price , product ,promotion and place.

(7iii)Promotion Mix: Promotion Mix is the business of communicating with customers. It will provide information that will assist them in making a decision to purchase a product or service. Promotion Mix comprises elements such as: advertising, public relations, personal selling and sales promotion.

(7aiv)
Government market: Government market is a market where the consumers are federal, state, and local governments.” Governments buy goods as well as services from the private sector. Government are huge customers of all kinds of product. They purchase the same kinds of products and services as the consumers of the private sector.

(7av)
Shopping Goods: Shopping goods are goods/products consumers purchase and consume on a less frequent schedule compared to convenience products. Consumers are willing to spend more time locating these products since they are relatively more expensive than convenience goods. Examples are clothing products, personal services, electronic products and household furnishings.

ENSURE YOU SUBSCRIBE TO THIS SUBJECT, I WON’T GUARANTEE YOU OF POSTING HERE.

ANSWERS WILL BE AVAILABLE BY MIDNIGHT, ONLY FOR THOSE THAT SUBSCRIBE

SUBSCRIBERS GET ANSWERS.

(Marketing – NECO 2021)
Direct Mobile/SMS: N800 MTN CARD
Password/Link: N500 MTN CARD

 

Forward Subject Name, MTN CARD PINS, Phone number to: 09033919669 via TEXT MESSAGE(SMS) ONLY.

NOTE: Do Not Subscribe On Whatsapp. Send via SMS ONLY. After sending, relax, and wait for your password.


Marketing QUESTION 👇

PLEASE AVOID GLO WHILE TEXTING US
Do Not USE GLO LINE TO SEND YOUR SUBSCRIPTION

NOTE: ALL ANSWERS WILL BE MADE AVAILABLE TO OUR SUBSCRIBERS MID-NIGHT BEFORE THE EXAMS


WAEC 2021 RUNZ

(IF YOU WISH TO BE AMONG THOSE THAT WILL BE RECEIVING ANSWERS BY MIDNIGHT, DO WELL TO SUBSCRIBE FOR YOUR 9 SUBJECTS AT THE PRICE OF #5,000

Our Subscription Prices for Direct WhatsApp
(i) All Subjects (with Obj and Theory) : N13,000
(ii) 9 Subjects (with Obj and Theory) : N8,000
(iii) Per Subject: N800 each(Except English and Maths ie N1.000 Each)


Our Subscription PriceS for PIN/Password
(i) All Subjects (with Obj and Theory) : N12,500
(ii) 9 Subjects (with Obj and Theory): N5,000
(iii) Per Subject: N500 each(Except English and Maths ie N800 Each)Forward Subject Name, MTN CARD PINS, Phone number to: 09033919669 via TEXT MESSAGE(SMS) ONLY. you can also whatsapp us for more info.

NECO Marketing 2021 theory Answers, NECO 2021 Marketing Questions, 2021 NECO Marketing Questions And Answers, Free NECO Marketing 2021 Expo Answer Runs, NECO 2021 Marketing June/July Expo, NECO 2021/2022 Marketing Specimen for free, 2021/2022 NECO Marketing Questions And Answers, Correct NECO 2021 Marketing Answers, Verified Neco 2021 Marketing Questions And Answers

neco 2021 Marketing expo, 2021 neco Marketing answers, 2021 neco Marketing runs, 2021 neco Marketing questions, neco ssce 2021 Marketing expo answers, neco 2021 Marketing objective and essay Expo answers now available, July Marketing theory Answers for 2021, Marketing Questions neco Ssce Expo Answers Here, Free neco Marketing correct Expo 2021 answers Runz neco Marketing, neco Ssce 2021 Free Marketing essay Questions and Answers Expo for neco Marketing Paper 1 and Paper 2 Questions and Answers Expo Now Posted

About the author

Mr Noni

The loyal guy from another planet, Whom always get what he always asked for. || Professional Blogger || The Main Man Behind Noniwap.com concept.

Leave a Comment

error: