NECO Marketing Questions and Answers 2021. I will be showing you past Marketing objectives and theory repeated questions for free in this post. You will also understand how NECO Marketing questions are set and how to answer them.
The National Examinations Council (NECO) is an examination body in Nigeria that conducts the Senior Secondary Certificate Examination and the General Certificate in Education in June/July and December/January respectively.
NECO Marketing Objectives and Essay answers 2021 (Expo)
The 2021 NECO Marketing expo will be posted here today, 10th August during the NECO Marketing examination. Keep checking and reloading this page for the answers.
NECO 2021 Marketing Answers Loading...
NECO Marketing OBJ Answers:
(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.
(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.
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.
Marketing Mix is a general phrase used to describe the did dent kinds of choices organizations have to make in the whole process of bringing a product or service to market. Marketing Mix simply means putting the right product in the right place, at the right price, at the right time. It is often synonymous with for Ps: Price, Product, Promotion and Place.
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.
Government Market: The government market consists of government units at federal, state and local levels. Agencies at all levels purchase goods and services used in performing critical governments functions. Government is huge customers of all kinds of products.
Shopping Goods: These 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.
Product life cycle refers to the length of time a product is introduced to consumers into the market until it’s removed from the shelves
(i) Introduction: This phase generally includes a substantial investment in advertising and a marketing campaign focused on making consumers aware of the product and its benefits.
(ii) Growth: If the product is successful, it then moves to the growth stage. This is characterized by growing demand, an increase in production, and expansion in its availability.
(iii) Maturity: This is the most profitable stage, while the costs of producing and marketing decline.
(iv) Decline: A product takes on increased competition as other companies emulate its success sometimes with enhancements or lower prices. The product may lose market share and begin its decline.
Bargaining is a type of negotiation in which the buyer and seller of a good or service dispute the price and the exact nature of the transaction with the goal of coming to an agreement.
(i) Communication: Essential communication skills include identifying nonverbal cues and verbal skills to express yourself in an engaging way. Skilled negotiators can change their communication styles to meet the listener’s needs
(ii) Active listening: Active listening skills are also crucial for understanding another’s opinion in negotiation. Unlike passive listening, which is the act of hearing a speaker without retaining their message, active listening ensures you’re able to engage and later recall specific details without needing information repeated.
(iii) Emotional intelligence: Emotional intelligence is the ability to control your own emotions and recognize others’ feelings, Being conscious of the emotional dynamics during negotiation can allow you to remain calm and focused on the core issues. If you’re unsatisfied with the current negotiation, express the need for a break so you and the other party can return later with refreshed perspectives.
(iv) Patience: Some negotiations can take a long time to complete, occasionally involving renegotiation and counteroffers. Rather than seeking a quick conclusion, negotiators often practice patience to properly assess a situation and reach the best conclusion for their clients.
(v) Planning: Negotiation requires planning to help you determine what you want. You should consider what’s the best possible outcome, what’s your least acceptable offer and what you will do if an agreement isn’t reached. The ability to prepare, plan and think ahead is crucial to a successful negotiation. Planning skills are necessary not only for the negotiation process but also for deciding how the terms will be carried out.
(vi) Problem-solving: Negotiation requires the ability to see the problem and find a solution. If a price is too high, how can it be lowered? If a resource is in short supply, what can be done to increase it? Being able to find unique solutions to problems may be the determining factor in compromise.
A marketing plan is an operational document that outlines an advertising strategy that an organization will implement to generate leads and reach its target market
(i) It helps in avoiding future uncertainties.
(ii) It helps in management by objectives.
(iii) It helps in achieving objectives.
(iv) It helps in coordination and communication among the departments.
(v) It helps the customers in getting full satisfaction.
(i) Continuous process
(ii) Wide scope
(iii) Aid to decision-making
(iv) Uncertainty of conclusions:
(v) Applied research
(vi) Commercial intelligence
Market union are group of people that are responsible of coordinating and maintaining peace and order in the markets.
Primary products are the least- processed form of biological material that humans harvest for use e.g potatoes. WHILE Secondary products are product that are bought often in a routine manner without much though on regular basis e.g clothes
(i) They are responsible for settlement of disputes through negotiations, joint consultant and voluntary arbitration
(ii)They prevent market union from exploitation of personal and political interest
(iii)They also ensure availability of goods and services
(iv)They enlighten customers about products and services
(v) They facilities communication between unions and its members
More answers loading…
The questions below are the NECO past questions and answers that will help you in your 2021 Neco Marketing Questions.
The questions below are the NECO 2021 Marketing Practice Questions. Go through them and be ready to score high in your NECO 2021 Marketing Examination.
Tips on How to Pass NECO Marketing Questions
Following the tips provided in this post will help you score high in the upcoming NECO Marketing examination.
1. The performance of business activities that direct the flow of goods and services from producer to consumer is
2. Goods produced for immediate use by a household is classified as
A. industrial goods.
B. market goods.
C. durable goods.
D. consumer goods.
3. Which of the following is not a component of marketing mix?
4. Which of the following is not influenced by consumer behavior?
A. Life style
5. In Nigeria, the body that ensures that its members operate according to their professional ethics is the
More objective questions and theory loading…
Have a Target and Work Towards Actualizing it
You have decided to pass NECO Marketing 2021 and I am sure of that. Now, the next thing you should do is set targets.
You have told yourself, “I will score A in NECO Marketing 2021”, that’s not all. You need to plan on how to make it happen to make an excellent NECO result. Create a timetable and master plan to achieve your goals.
Get the Recommended Textbook on Marketing for 2021 NECO Examination
Normally, NECO recommends books for the examination. But apart from NECO Literature in English where certain novels are compulsory, you are free to use any good Marketing textbook to prepare for NECO 2021 exam.
Some textbooks are more difficult to understand. If you have any topic you are finding difficult to understand, then get a textbook that will simplify the topics and make life better for you.
Do not Skip Marketing Examples and Exercise you Come Across While Reading:
Many candidates are fond of skipping exercises and even examples while studying textbooks. In fact, we like notebooks so much that we could ask, “can I read my notebook and pass NECO Marketing 2020?” Don’t be scared of attempting exercises in Marketing. Face the challenges.
Note: The above questions are likely NECO Marketing Questions and Answers, not the real questions
If you have any questions about the NECO Marketing Questions and Answers 2021, kindly drop your question in the comment box.