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21

The cheapest mode of transportating imported cars from America to Nigeria is by _______

  • A. Air
  • B. Road
  • C. Water
  • D. Rail
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22

The middlemen that buys in bulk and sells in bit is ________

  • A. A retailer
  • B. An agent
  • C. A wholesaler
  • D. A broker
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23

Which of the following channels of distribution would a producer who wants to control its unit price use?

  • A. Producer / Consumer
  • B. Producer / Retailer / Consumer
  • C. Producer / Wholesaler / Retailer / Consumer
  • D. Producer / Agent / Retailer / Consumer
View Answer & Discuss WAEC 2021
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24

An example of transportation document that is used or local trade is_______

  • A. Waybill
  • B. Certificate of origin
  • C. Consular invoice
  • D. Bill of lading
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25

All individuals and units that buy goods for personal use constitute the_______

  • A. Industrial market
  • B. Consumer market
  • C. Government market
  • D. Re-seller market
View Answer & Discuss WAEC 2021
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