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)
The shape of the long-run average cost curve is best explained by the ...
A major function of the price mechanism is that it determines the ...
Which of the following are determinants of the rate of population growth? ...
The biggest source of government revenue in Nigeria is ...
A major function of the middlemen in Nigeria is the distribution of ...
Taxes and government expenditures are instruments of____________ ...
A change in the pump price of petrol in Nigeria has a direct effect on the ...
Government revenue from the groundnut industry is from ...
An economy in which both the public and private sectors contribute to economic growth is as ...