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Economics 1990 JAMB Past Questions

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16
Which of the following is the major function of the wholesaler?
  • A. Bulk breaking
  • B. Provision of useful information to th manufacturer on products
  • C. Provision of after-sales services to consumers
  • D. Provision of warehouse facility
View Answer & Discuss (1) JAMB 1990
17
In the distribution channels for goods and services, the middleman's mark-up margin provides a rough measure for the ?
  • A. quantity discounts allowed final consumer
  • B. reward for business enterpreneurship
  • C. effectiveness of government control over the economy's marketing channels
  • D. extent of exploitation of the final consumer
View Answer & Discuss (1) JAMB 1990
18
Which of the following reasons could induce a manufacturer to bypass the wholesaler in the distribution chain?
  • A. To provide the quantity needed by retailers
  • B. To collect useful information on his product
  • C. To provide warehousing facilities
  • D. To violate government regulation on distribution
View Answer & Discuss JAMB 1990
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19
A major difference between a state-owned enterprise and a private enterprise is that the former?
  • A. is not expected to cover its costs of production while the latter is
  • B. is not always expected to maximize profits while the latter is
  • C. has shareholders while the latter does not
  • D. has a board of directors while the latter does not
View Answer & Discuss JAMB 1990
20
Divorce of ownership from control is a characteristic of?
  • A. sole properitorship
  • B. a limited liability company
  • C. partnership
  • D. a private limited company
View Answer & Discuss (1) JAMB 1990
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