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

Question 26 :

• JAMB 1998

Unlike the retailer, the wholesaler provides?

A. Useful information to the manufacturer about consumers'taste
B. After-sales services to the consumers
C. Useful information to the costumers on the benefits and uses of the product
D. Useful information about market trends and finance to the manufacturer

Question 27 :

• JAMB 1999

One of the major problems of product distribution in most developing countries is?

A. Lack of storage facilities
B. Large number of middlemen
C. Inadequate manpower
D. Inadequate means of transportation

Question 28 :

• JAMB 2000

A major effect of a long distribution chain is?

A. High retail prices
B. Scarcity of commodities
C. Low retail prices
D. Low producer earnings

Question 29 :

• JAMB 2000

The major function of the wholesaler to his customers is?

A. Breaking of bulk
B. Offering personal services
C. Stocking a variety of goods
D. Providing transport facilities

Question 30 :

• JAMB 2001

The price paid for labour services is the?

A. Commission rate
B. Wages rate
C. Income rate
D. Salary rate