Question 356:

• JAMB 2014

Firms embark on vertical integration in other to

A. Take over markets formally controlled by other firms
B. Prevent other firms from entering the market
C. Reduce advertisement and management cost
D. Enjoy economies of large-scale production

Question 357:

• JAMB 2014

The voting power in co-operative societies is vested on

A. Management
B. Members without loan
C. Shareholders
D. Members with the highest contribution

Question 358:

• JAMB 2014

An important role of agriculture in Nigeria's economic development is the

A. Processing of raw materials for industries
B. Regulation of price system
C. Provision of infrastructure
D. Provision of employment

Question 359:

• JAMB 2014

A major feature of an underdeveloped economy is

A. Excess capacity utilization
B. Low rate of population growth
C. Low level of standard of living
D. Low level of unemployment

Question 360:

• JAMB 2014

An advantage of large-scale farming over peasant farming is in the area of

A. Providing research and massive employment of labour
B. Redistributing national income to various regions of the country
C. Encouraging the use of traditional implements
D. Encouraging urban-rural migration