JAMB Commerce 2018 Objective — Question 33

Question 33 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2018 Objective paper, with the correct answer and a full explanation.

Warehousing is a productive function because it increases the

A. quantity of goods
B. utility of goodsCorrect
C. quality of goods
D. price of goods

Explanation

Production is the creation of utility. Warehousing creates time utility because it stores goods until they are needed, making it a productive function.

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