Which of the following is a threat to the existence of mi...
Which of the following is a threat to the existence of middlemen?
Consumers cooperative society
Producers cooperative society
Sales agents
Large scale producers
Correct answer is A
Consumers cooperative society is an autonomous association of consumers united voluntarily to meet their common needs and aspirations. The cooperative society purchases in bulk directly from the producers which avails them discounts and in return, sells in small lots to their members, thereby eliminating the middlemen (both the wholesaler and retailer)
Nigeria's exports usually comprise ...
GDP differs from GNP because GDP ...
Government fixing of prices below the equilibrium point is aimed at protecting the ...
In capitalist economies, questions about what to produce are ultimately answered by ...
Price elasticity of demand is defined as the ...
A small scale firm located within an industrial estate will enjoy ...
Which of the following is an important function of prices in a market economy? ...
The following can be used to improve a country’s balance of payment EXCEPT ...