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Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
31

Which of the following option is not a function of a warehouse?

  • A. To increase the price of goods
  • B. Store goods for consumption purpose
  • C. Store goods till when needed for supply
  • D. Stabilization of price of goods
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32

The willingness and ability to identify business opportunity, establish and operate it successfully is________

  • A. Distribution
  • B. Wholesaling
  • C. Entrepreneurship
  • D. Purchasing
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33

An internal source of fund for an entrepreneur is__________

  • A. Bank loan
  • B. Overdraft
  • C. Trade credit
  • D. Retained earnings
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34

An example of long-term source of fund for an entrepreneur is____________

  • A. Debenture
  • B. Trade credits
  • C. Overdraft
  • D. Customer advances
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35

The idea that consumers will prefer goods and services that are available and affordable is_____________

  • A. Selling concept
  • B. Product concept
  • C. Production concept
  • D. Marketing concept
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