by Sunday | Dec 13 | Commerce JAMB
A. absolute advantage B. globalization C. deregulation D. comparative advantage Correct Answer: Option D – comparative advantage Explanation A person has a comparative advantage at producing something if he can produce it at lower cost than anyone else. This is...
by Sunday | Dec 13 | Commerce JAMB
A. create identity for a product B. make a product look attractive C. create product awareness D. increase sales volume Correct Answer: Option A – create identity for a product Explanation It is a way of distinguishing yourself from the competitors and...
by Sunday | Dec 13 | Commerce JAMB
A. an automated teller machine B. a vending machiine C. a counting machine D. a branding machine Correct Answer: Option B – a vending machiine Explanation Vending machiine: a machine that dispenses small articles such as food, drinks, or cigarettes when a coin...
by Sunday | Dec 13 | Commerce JAMB
A. production technique B. production function C. division of labour D. delegation of responsibility Correct Answer: Option C – division of labour Explanation Division of labour; the assignment of different parts of a manufacturing process or task to different...
by Sunday | Dec 13 | Commerce JAMB
A. capital B. enterpreneur C. labour D. land Correct Answer: Option C – labour Explanation Labour is motivated by paying wages and salaries
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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