WAEC Marketing 2022 Objective — Question 3
Question 3 of 40 from the West African Examinations Council (WAEC) Marketing 2022 Objective paper, with the correct answer and a full explanation.
Advertisement
Which of the following marketing terms is applied to a buyer that obtains a desired product by offering something in return?
- A. Needs
- B. Wants
- C. Demand
- D. ExchangeCorrect
Explanation
Exchange occurs when a buyer gets what they want by giving something (e.g. money) in return for it.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.