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Economics 1989 JAMB Past Questions

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16
which of the following is an important function of the retailer?
  • A. Grant credit to the wholesaler
  • B. Breaks bulk and sales product in small units
  • C. Reduces cost of distribution
  • D. Generates demand for production through advertisement
View Answer & Discuss (1) JAMB 1989
17
One of the purposes of advertisement in marketing is to?
  • A. change the quality of the product
  • B. raise the quantity of the product demanded as its price falls
  • C. shift the demand curve for the product to the right
  • D. raise production cost
View Answer & Discuss JAMB 1989
18
The size of a business units tends to be small if the activity?
  • A. involves mass production of goods
  • B. requires a large capital
  • C. requires division of labour
  • D. involves the provision of direct services
View Answer & Discuss JAMB 1989
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19
Which type of business organization has the attribute effectively combining management with control?
  • A. sole proprietorship
  • B. Partnership
  • C. Limited liability company
  • D. Co-operatives
View Answer & Discuss (2) JAMB 1989
20
The co-operative as a form of business organization differs from partnership by having?
  • A. serveral sources of capital for business financing
  • B. ability to issue preferred stocks to members
  • C. entrenched democratic control in the conduct of business
  • D. established rules and regulations governing the activities of its members
View Answer & Discuss JAMB 1989
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