WAEC Marketing 2022 Question 3

Question 3

Marketing Concept

Which of the following marketing terms is applied to a buyer that obtains a desired product by offering something in return?

  1. A.Needs
  2. B.Wants
  3. C.Demand
  4. D.Exchange
Show the answer and explanation

Answer: D (Exchange)

Explanation

Getting a product by giving something in return is exchange.