This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
Here are the answers to the questions: 1. In simple terms, marketing is finding out what people want and providing it at a C. Profit. 2. During the pre-colonial era in Nigeria, the main system of exchange was C. Barter trade. 3. Marketing skills in the pre-colonial era were passed down through the B. Apprenticeship system. 4. The era that introduced formal buying and selling using currency in Nigeria was the B. Colonial. 5. The University of Nigeria, Nsukka (UNN) established formal business education in B. 1960. 6. The institution that produced the first Higher National Diploma (HND) graduates in Marketing in 1974 was C. Kaduna Polytechnic. 7. The wealth from the B. Oil boom in the 1970s encouraged the expansion of marketing departments. 8. The professional body that regulates the practice and ethics of marketing in Nigeria is C. NIMN. 9. The school of thought that focuses on specific products like groundnuts or petroleum is the B. Commodity School. 10. The Institutional School of thought focuses on B. Middlemen such as wholesalers and retailers. 11. The Managerial School of thought introduced the "4Ps," also known as the A. Marketing Mix. 12. The school of thought that uses psychology to understand consumer buying behavior is the C. Buyer Behavior School. 13. Macromarketing examines marketing from a C. Societal perspective. 14. Marketing education is a specialized branch of C. Business Education. 15. A vocational goal of marketing education is to provide practical training in B. Salesmanship. 16. Small-scale businesses in Nigeria are defined by their number of employees, B. Capital investment, capital investment, name, owner's age. 17. Small-scale businesses usually maintain a B. Personal relationship with their customers. 18. Setting prices based on competition and cost is known as B. Promotion strategy. While setting prices is a distinct pricing strategy, it is a key component of the broader marketing strategy, which includes promotion. 19. Using WhatsApp and Facebook to showcase products is a form of B. Digital marketing. 20. The process of exchanging goods directly for other goods is known as B. Trade by barter. Send me the next one 📸