In the chain of distribution, a wholesaler is a person that normally buy goods either raw materials or finished goods…
The functions of these organizations are: 1. To eliminate hoarding of the goods by producers and middlemen. 2. To stamp…
The organizations involved in consumer protection are: 1. Nigerian standard organization (NSO) 2. Manufacturer/producer association 3. Rent tribunals 4. Price…
Consumer protection consists of the process adopted by the government, its agent as well as private institutions to avoid the…
The factors that must be considered in selecting mode of transportation are: 1. Distance/Location: The location where the goods are…
The various means of transportation are: 1. Road 2. Rail 3. Air 4. Sea or water 5. Containerization 6. Pipelines…
The following are the measures government may take to promote export: 1. Subsides: This is payment made by government to…
The measure government may take to restrict import are: 1. Import license: Government making it a rule for importers to…
The conditions for dissolving a partnership are: 1. At the expiration of the fixed time for which the partnership was…
The disadvantages of partnership are: 1. Unlimited liability: Each partner is jointly liable with the other partners for all the…