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WAEC Commerce 2005 Theory question 103

Theory question 103

Marketing

Commerce 2 (essay, answer five questions only)
List and explain five functions of marketing

Show the model answer
Model answer

Any five, explained: buying/assembling goods; selling; transportation; storage/warehousing; financing; risk bearing; grading and standardisation; market research/information; advertising and promotion; packaging and branding.

Explanation

Give a short explanation for each function.