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2376

Which of the following describes the reason for international trade

  • A. Balance of payment
  • B. Comparative cost advantage
  • C. Absolute cost advantage
  • D. Balance of trade
View Answer & Discuss WAEC 2010
2377

Small scale retailers continue to survive inspite of serious competition from large scale retailers because they

  • A. buy from many manufacturers
  • B. maintain personal relationship with customers
  • C. stock only one line of goods in their stalls
  • D. do not separate business money from personal money
View Answer & Discuss WAEC 2010
2378
Which of the following factors is not to be considered in starting a retail trade?
  • A. Size of the business
  • B. Nature of the business
  • C. Amount of capital required
  • D. Level of tax payable
View Answer & Discuss WAEC 2010
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2379

The import of foreign-produced goods to be re-exported is known as

  • A. domestic trade
  • B. wholesale trade
  • C. entrepot trade
  • D. counter trade
View Answer & Discuss WAEC 2010
2380

One roof containing a number of shops is a

  • A. tied shop
  • B. mail order firm
  • C. department store
  • D. chain store
View Answer & Discuss (5) WAEC 2010
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