WAEC Marketing 2022 Objective — Question 12
Question 12 of 40 from the West African Examinations Council (WAEC) Marketing 2022 Objective paper, with the correct answer and a full explanation.
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Which of the following statements explains an organizational market?
- A. Buyers are widespread
- B. Buyers are price conscious
- C. Purchasing is on first-come, first-served basis
- D. Purchasing is done by trained personnelCorrect
Explanation
In an organizational market, everything is orderly and formal, so purchasing is typically done by trained procurement personnel.
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