beceBusinessStudies1

The process of making goods and services available to the consumers is called

• communication

• distribution

• modulation

• transformation

• transportation

The two main divisions of trade are

• entreport and export

• home and foreign

• import and export

• international and entrepot

• retail and wholesale

Which of the following activities aid commerce by keeping goods until they can be sold?

• Banking

• Communication

• Insurance

• Transportation

• Warehousing

A Nigerian business man who buys goods from Ghana and re-exports them to South Africa is engaged in __________ trade

• bilateral

• entreport

• export

• home

• import

One of the soundless means of communication used in the olden days is

• flute

• palm frond

• shouting

• talking drum

• town crier

The buying, selling and distribution of goods is categorized under _________ occupation.

• commercial

• construction

• extractive

• industrial

• manufacturing

The form of business unit which has a minimum of two and maximum of twenty people is

• cooperative society

• partnership

• private limited company

• public enterprise

• public limited liability company

Shareholders are the owners of

• credit and thrift societies

• joint ventures

• limited liability companies

• partnership business

• sole proprietorship

A place where variety of products are made available for the purpose of buying and selling is called

• bank

• capital market

• market

• stock exchange

• warehouse

The following are factors that make people to lie in business except

• bad upbringing

• honesty

• laziness

• poverty

• wickedness