NABTEB QUESTIONS

Explain the necessary factors considered in choosing a means of transport for a given commodity. – NABTEB QUESTION

The necessary features to be considered in choosing means of transport for a given commodity are:-

i. Distance/location- the location where the goods are needed will help to determine the choice of transport. Where the place is far, air may be chosen.

ii. Unit value of goods- valuable goods like minerals needs to be carried as quickly as possible to avoid pilfering

iii. The nature of the goods- Perishable items needs to be carried quickly to minimize spoilage while bulky goods are carried by rail or road

iv. Urgency/speed/time with which the goods are needed- Fast means of transport is needed to convey goods needed urgently e.g. drugs

v. Available means- The means of transport available where the goods are located is what is used

vi. Safety of the goods- a means of transport that will ensure safety movement of the good is also a factor to consider

vii. Cost of transport- a trader will prefer a cheaper means of transport

viii. Customer’s preference- the choice of the customer will also influence the choice of transport.

ix. Destination- there is such places that have no other means of transport than by road

x. Volume or quantity of goods will also determine the choice of transport for a given commodity i.e. the space to occupy.

xi. The weight of goods e.g. light or heavy

Sunday

Share
Published by
Sunday
Tags: NABTEB

Recent Posts

ETM 312 Theory Questions: Land Law and the Consequences of Unauthorized Land Transfers in Nigeria

300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…

5 months ago

ETM 312 Theory Questions: Co-Ownership Structures and Land Acquisition Methods in Nigeria

200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…

5 months ago

ETM 312 Theory Questions: Rights in Community Land and Fundamental Land Concepts in Nigeria

200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…

5 months ago

ETM 312 Theory Questions: Customary Land Control and the Origins of Nigeria’s Land Use Act

200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…

5 months ago

ETM 312 Theory Questions: Land Ownership Principles and Transaction Laws in Nigeria

200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…

5 months ago

ETM 226 Theory Questions: Trespass: Types and Defenses in Property Law

200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…

5 months ago