Post Utme Commerce Questions
Question 26:
Nearness to raw materials is important in business location because it:
- A Reduces transport expenses greatly
- B Reduces product demand levels
- C Eliminates labour requirements
- D Prevents market competition
Question 27:
One major characteristic of entrepreneurs is:
- A Avoidance of business decisions
- B Elimination of workplace planning
- C Ability to identify opportunities
- D Prevention of industrial growth
Question 28:
One major disadvantage of hire purchase is:
- A Instalments become unnecessary
- B Ownership transfers immediately
- C Cash payment is eliminated
- D Total cost becomes higher
Question 29:
NAFDAC mainly regulates:
- A Food drugs and related products
- B Transportation and communication
- C Exportation of manufactured goods
- D Insurance and banking activities
Question 30:
One major difference between home trade and foreign trade is that foreign trade:
- A Satisfies consumer demands directly
- B Encourages buying and selling
- C Involves exchange rate systems
- D Uses retailers and wholesalers