Choose the correct term from group B which matches with the explanation in group A then write the letter against the number of the relevant explanation.
GROUP A | GROUP B |
(i) This is the act of performing only one activity by hand or machine with the aim of increasing production
(ii) The price for the use of land as a factor of production and other immovable assets like house. (iii) Agents who do not have physical possession of goods. (iv) A document issued when goods have been bought or sold on credit basis. (v) The cost of producing one more unit of output. (vi) Goods which are highly demanded by high income earners. (vii) The travelling traders who carry their goods on bicycles or motorcycles and move from one place to another selling their goods. (viii) Planning, monitoring purchases and keeping quantity of goods in reasonable proportion of sales. (ix) It is owned by individual, institutions or government and are open to anybody wishing to store goods on payment. (x) The ways through which goods flow from the manufacturing point of view to consumption point of view |
A. Brokers
B. Chain of distribution C. Consumer goods D. Division of labour E. Hawkers F. Interest G. Invoice H. Marginal cost I. Ostentation goods J. Private warehouse K. Public warehouse L. Rent M. Specialization N. Stock taking |
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