Importance of warehousing - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2:

• JAMB 2009

Warehousing is important to manufacturers because it helps to?

A. Improve the quality of goods
B. Produce goods in advance
C. Meet the demand of customers
D. Determine input rquirements

Question 3:

• JAMB 2018

Which of the following functions is not performed by warehousing?

A. Stabilization of price
B. Production ahead of demand
C. Creating scarcity of goods
D. Storage of goods

Question 4:

• JAMB 2018

warehousing is a productive function because it increases the?

A. Quantity of goods
B. Utility of goods
C. Quality of goods
D. Price of goods