Spot market goods are those which are available for

Assessment: JAMB UTME - Commerce - 1995 Subject: Commerce

Question 1 Report

Spot market goods are those which are available for
Answer Details
Spot market goods are those which are available for immediate delivery. This means that the goods can be delivered to the buyer immediately or within a very short period of time after the transaction is completed. This is different from goods that are available for long-term delivery, which may not be available for several months or even years. The spot market is often used for commodities such as oil, gold, and agricultural products, where prices can change rapidly based on supply and demand factors.
Read lesson note on Purchase And Sale Of Goods (JAMB)
Read lesson note on Commerce (JAMB)
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