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JAMB Commerce 2013 Question 34

Question 34

Business Management

Management of a business involves the development of ideas for the

  1. A.distribution of goods and services that human wants.
  2. B.transportation of goods and services that human wants.
  3. C.transfer of title of ownership of goods and services to individuals.
  4. D.production of goods and services that satisfy human needs.
Show the answer and explanation

Answer: D (production of goods and services that satisfy human needs.)

Explanation

Management plans and runs the whole business of producing goods and services that satisfy needs.