by Sunday | Sep 27 | NABTEB QUESTIONS
Functions of a wholesaler are: (i) He provides warehousing facilities/storage/stability of prices (ii) Buys and breaks bulk (iii) Gives trade information (iv) Grants credits to the retailer and manufacturer (v) Carries the research for the retailer and manufacturer...
by Sunday | Sep 27 | NABTEB QUESTIONS
Conditions under which a wholesaler may be eliminated are: (i) Where perishable goods are involved (ii) Where manufacturers have well-branded goods and can deal directly with customers (iii) Where the goods are of a technical nature requiring well-qualified...
by Sunday | Sep 27 | NABTEB QUESTIONS
EXPLANATIONS. (i) Legal environment: This constitutes all the laws, decrees or edicts made by the government to regulate commercial operations. A business is required to operate within the laws of the country or face closure (ii) Political environment: This refers to...
by Sunday | Sep 27 | NABTEB QUESTIONS
Environment in which business may operate are: (i) Legal Environment (ii) Political environment (iii) Economic environment (iv) Social/cultural/religious/ethical environment (v) Technological Environment (vi) Physical/ecological climate/Geographical environment (vii)...
by Sunday | Sep 27 | NABTEB QUESTIONS
FORMS OF PRODUCTION ARE: (i) Primary production: This is the extraction of food and materials from land and sea, e.g. mining, agriculture, quarrying, lumbering, fishing etc. (ii) Secondary production: This is the transforming of raw materials into finished goods. OR...
by Sunday | Sep 27 | NABTEB QUESTIONS
Production is the creation of utility/value OR The making of goods and services for satisfying human wants.