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11
Sole enterprise may flourish best in
A.
a mining business
B.
a retailing business
C.
an oil exploration business
D.
a car assembly business
View Answer & Discuss (6)
JAMB 1994
12
The use of coin-operated machines to sell goods is a form of
A.
personal selling
B.
retailing
C.
wholesaling
D.
mail-order selling
View Answer & Discuss (8)
JAMB 1994
13
What is the major function of the wholesaler?
A.
buying from small-scale producers and selling to exporters
B.
buying in bulk and selling in small quantities
C.
granting of credit facilities to retailers
D.
providing information to manufacturers on market situation
View Answer & Discuss (4)
JAMB 1994
14
The rate at which a country's exports exchange for its imports is called
A.
balance of payments
B.
balance of trade
C.
terms of payment
D.
terms of trade
View Answer & Discuss (11)
JAMB 1994
15
The difference between the total payments for imports and the receipts from exports within a given period is referred to as
A.
balance of payments
B.
balance of trade
C.
comparative cost advantage
D.
comparative advantage
View Answer & Discuss (8)
JAMB 1994
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