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WAEC Marketing 2025 Question 4

Question 4

Marketing Environment

Minimum wage as an environmental factor is associated with

  1. A.political factor.
  2. B.technological factor.
  3. C.economic factor.
  4. D.social factor.
Show the answer and explanation

Answer: C (economic factor.)

Explanation

The minimum wage sets workers' income, which affects purchasing power: an economic factor.