Theory question 109
Distributive TradeSection B
Outline the economic activities that are likely to improve the effective distribution and marketing of commodities in Nigeria.
Show the model answer
Model answer
Activities:
1. Good transport network: roads, railways, waterways.
2. Adequate storage and warehousing facilities.
3. Efficient communication systems.
4. Banking and credit facilities for traders.
5. Insurance to cover risks.
6. Advertising and market information.
7. Standardisation, grading and packaging.
8. Cooperative marketing societies.
9. Peace, security and stable government policies.
10. Reduction of levies and checkpoints.
Explanation
Aids to trade are the key idea.