An example of transportation document that is used or local trade is?
A. Waybill B. Certificate of origin C. Consular invoice D. Bill of lading Correct Answer: Option A – Waybill
Which of the following channels of distribution would a producer who wants to control its unit price use?
A. Producer / Consumer B. Producer / Retailer / Consumer C. Producer / Wholesaler / Retailer / Consumer D. Producer / Agent / Retailer / Consumer Correct Answer: Option A = Producer / Consumer
The middlemen that buys in bulk and sells in bit is?
A. A retailer B. An agent C. A wholesaler D. A broker Correct Answer: Option C – A wholesaler
The cheapest mode of transportating imported cars from America to Nigeria is by?
A. Air B. Road C. Water D. Rail Correct Answer: Option C – Water
The body formed by sellers of a common product in a local market is an example of?
A. Market union B. Manufacturer’s association C. Trade union D. Consumer’s association Correct Answer: Option C – Trade unionProducts
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