JAMB Commerce 2013 Objective — Question 34

Question 34 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2013 Objective paper, with the correct answer and a full explanation.

Management of a business involves the development of ideas for the

A. transportation of goods and services that human wants
B. transfer of title of ownership of goods and services to individuals
C. production of goods and services that satisfy human needsCorrect
D. distribution of goods and services that human wants

Explanation

Management of a business centres on developing ideas that can satisfy people's needs/tastes — i.e. the production of goods and services that satisfy human needs.

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