An efficient transport system enables a trader to

Assessment: WAEC SSCE - Commerce - 2012 (Objective) Subject: Commerce

Question 1 Report

An efficient transport system enables a trader to

Answer Details
An efficient transport system enables a trader to widen the market for his products. This is because an efficient transport system allows goods to be transported quickly and safely to various locations, including remote areas, where they can be sold to a larger number of potential customers. Additionally, an efficient transport system can help the trader to respond quickly to changes in demand and supply, and adjust their price policy accordingly. A reduction in transportation costs can also lead to a reduction in the overall cost of production, making the trader more competitive in the market. Therefore, an efficient transport system can have a positive impact on a trader's profitability and success.

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