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GCE Commerce 1989 Question 90

Question 90

Introduction to Commerce

For continuous existence, a service oriented concern depends on

  1. A.liquid assets
  2. B.middlemen
  3. C.patronage of consumers
  4. D.legislation of the ruling political party
  5. E.staff strength of the concern
Show the answer and explanation

Answer: C (patronage of consumers)

Explanation

A service business survives only as long as customers keep using (patronising) its services.