An example of a producer goods is a
Tin of milk
Hammer
Loaf of bread
Shirt
Correct answer is B
No explanation has been provided for this answer.
A negative effect of the presence of a large number of middlemen in the distributive network is
Greater variety of goods
Greater quality of goods
Lower price of goods
Higher price of goods
Correct answer is D
No explanation has been provided for this answer.
Which of the following is a middleman in the chain of distribution?
An entrepreneur
A producer
A banker
A retailer
Correct answer is D
No explanation has been provided for this answer.
The return of investment that is just sufficient to satisfy the owner of a business is called
Economic profit
Business profit
Normal profit
Excess profit
Correct answer is C
No explanation has been provided for this answer.
The main objective of privatizing a government business is to
Create additional employment
Increase expenditure
Source for new funds
Increase the level of efficiency
Correct answer is D
No explanation has been provided for this answer.