Which of the following aids to trade facilitates production ahead of demand

Assessment: WAEC SSCE - Commerce - 2015 (Objective) Subject: Commerce

Question 1 Report

Which of the following aids to trade facilitates production ahead of demand

Answer Details
The aid to trade that facilitates production ahead of demand is warehousing. Warehousing refers to the act of storing goods before they are sold. By storing goods in a warehouse, producers can produce goods in large quantities and store them until they are needed by consumers. This enables producers to take advantage of economies of scale and reduces the risk of stockouts. Therefore, warehousing helps to facilitate production ahead of demand by providing a means for producers to store excess inventory until it is needed by consumers.
Read lesson note on Commerce (JAMB)
Read lesson note on Aids-to-Trade (JAMB)
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