Types Features And Rewards Of Factors Of Production - Economics Jamb Past Questions and Answers

Question 21 :

• JAMB 1990

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

Question 22 :

• JAMB 1990

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

Question 23 :

• JAMB 1995

The factor of production that has the highest degree of mobility is?

A. Land
B. Labour
C. Capital
D. Enterpreneurship

Question 24 :

• JAMB 1995

Stocking small quantities of a variety of goods is a function of the?

A. Manufacturer
B. Wholesaler
C. Retailer
D. Consumer

Question 25 :

• JAMB 1997

The best channel of distribution of baked bread is through?

A. Wholesalers to retailers then to consumers
B. Direct sales to consumers
C. Wholesalers to consumers
D. Retailers to consumers