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....