Reasons, why a life insurance policy may be taken, are: (i) As a provision for the dependence for the assured…
Advantages of using courier service: (i) Courier service provides safe and fast delivery of mails and parcels (ii) Courier services…
Services which NIPOST renders to the public are: (i) Mail post: First class and second class mail including air mail…
Functions of a wholesaler are: (i) He provides warehousing facilities/storage/stability of prices (ii) Buys and breaks bulk (iii) Gives trade…
Conditions under which a wholesaler may be eliminated are: (i) Where perishable goods are involved (ii) Where manufacturers have well-branded…
EXPLANATIONS. (i) Legal environment: This constitutes all the laws, decrees or edicts made by the government to regulate commercial operations.…
Environment in which business may operate are: (i) Legal Environment (ii) Political environment (iii) Economic environment (iv) Social/cultural/religious/ethical environment (v)…
FORMS OF PRODUCTION ARE: (i) Primary production: This is the extraction of food and materials from land and sea, e.g.…
Production is the creation of utility/value OR The making of goods and services for satisfying human wants.
Factors that contributes to the growth of commerce in Nigeria are: (i) Development of modern techniques of production: This gives…