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JAMB Commerce 2001 Question 23

Question 23

Warehousing

Warehousing is a productive function because it increases the

  1. A.quantity of goods
  2. B.utility of goods
  3. C.quality of goods
  4. D.price of goods.
Show the answer and explanation

Answer: B (utility of goods)

Explanation

Storing goods until they are needed adds time utility, so warehousing is productive.