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WAEC Marketing 2025 Question 8

Question 8

Markets

A feature of the consumer market is that

  1. A.there are few buyers.
  2. B.there are many buyers.
  3. C.professional services are required.
  4. D.high purchase volume is involved.
Show the answer and explanation

Answer: B (there are many buyers.)

Explanation

Consumer markets have very many buyers, each buying small quantities.