by Sunday | Dec 12 | Commerce JAMB
A. control of the flow of goods in and out of the country B. control of security agents within and out of the borders C. provision of dockyards for ship repairs and maintenance D. provision of transport system to facilitate imports and exports Correct Answer: Option A...
by Sunday | Dec 12 | Commerce JAMB
A. a bill of sight B. an invoice C. an indent D. a bill of entry Correct Answer: Option A – a bill of sight Explanation Bill of sight refers to a declaration made to customs officer by an importer who is unsure about what is being shipped. The bill of sight...
by Sunday | Dec 12 | Commerce JAMB
A. bill of lading B. bill of sight C. consular invoice D. warehouse warrant Correct Answer: Option C – consular invoice Explanation A consular invoice is a document certifying a shipment of goods and shows information such as the consignor, consignee, and value...
by Sunday | Dec 12 | Commerce JAMB
A. producer co-operative B. consumer co-operative C. multiple shops D. departmental store Correct Answer: Option C – multiple shops Explanation In a typical distribution channel, the middleman is the wholesaler or the retailer. Manufacturers would eliminate the...
by Sunday | Dec 12 | Commerce JAMB
A. commercial B. manufacturing C. service D. extractive Correct Answer: Option D – extractive Explanation Extractive industry is Any processes that involve the extraction of raw materials from the earth to be used by consumers. Mrs Jones is into fishing...
by Sunday | Dec 12 | Commerce JAMB
A. the market size B. the availability of banks C. sex distribution D. government policy Correct Answer: Option A – the market size Explanation There are various factors which affect the volume of production which includes: Availability of natural resources....