by Sunday | Dec 11 | Commerce JAMB
A. helping in the extraction of raw material from nature B. providing a link between the different stage of conversion of good C. yielding result D. satisfying Correct Answer: Option D – satisfying Explanation Options A, B and C are placed under the types of...
by Sunday | Dec 11 | Commerce JAMB
A. makes payment for goods cumbersome B. increase the cost of goods in transit C. give room for distortion of fact D. hinder quick reception of messages over a long distance Correct Answer: Option C – give room for distortion of...
by Sunday | Dec 11 | Commerce JAMB
A. Rent B. profits C. wages D. Interest Correct Answer: Option A – Rent Explanation Since land is a free gift of nature, it doesn’t require any cost to be paid in order to make it available to the society for use. As the quantity of land available for use...
by Sunday | Dec 11 | Commerce JAMB
A. reach the final consumer B. are used for manufacturing C. are packaged and labelled D. are sold to the middlemen Correct Answer: Option A – reach the final consumer Explanation The primary aim of the producer is to satisfy human wants, i.e the final...
by Sunday | Dec 11 | Commerce JAMB
A. industry B. trade C. tariff D. marketing Correct Answer: Option B – trade Explanation This is the practice of exchanging goods for goods and services for services