Correct Answer: D. personal savings

Explanation

Personal Savings: The owner can use their personal savings to invest in or expand their provision store. This option allows them to have full control over the business without taking on any external debt or diluting ownership.

Explanation

(a) Functions of a Retailer to Consumers include:

(i) Maintaining close relationship with consumers thereby knowing what the consumers' want.

(ii) Informing consumers about new products in the market.

(iii) Engaging in delivery of goods to consumers.

(iv) Engaging in standardization and grading of goods in a manner acceptable to consumers.

(v) Performing storage function by stocking goods for consumers.

(vi) Making arrangement for replacement of damaged goods.

(vi) Selling goods directly to consumers.

(vii) Offering credit sales to consumers.

(ix) Educating consumers on the use of new products.

(x) Undertaking merchandising activities to encourage consumers to buy the product

(xi) Offering variety of products to consumers.

(xii) Bridging the gap between the manufacturer and the consumer.

(xiii) Rendering home service to consumers.

(b) Functions of a Wholesaler to Producers include:

(i) Helping producers to distribute their goods.

(ii) Providing marketing research support to producers.

(iii) Providing warehousing facilities.

(iv) Providing credit facilities to producers by paying for goods ordered for in advance.

(v) Purchasing in large quantities thereby reducing total physical distribution costs.

(vi)Providing feedback on market trends to producers.

(vii) Performing packaging functions on behalf of producers.

(viii) Providing information on competitors' activities to the producers.

(xi) Advertising goods for the producers.

(x) Reducing potential losses to the producers by assuming risks.

Correct Answer: B. Private warehouse.

Explanation

a.

• Brand name
• Company name
• Trade mark/logo
• Bar code
• Expiring date
• NAFDAC number
• Picture of the soap
• Producer/ distributors number
• SON certificate
• Manufacture date

b.

• To create awareness about V-beauty Soap
• To educate customers on the use of the product
• To stimulate the sale of the product
• To inform the market of the improvements made on product
• To create a unique identity for the product (branding)

c.

• It combines audio and visual effects
• The medium would allow for the demonstration of the use of the product Celebrities/models who are seen in the advert give it more credibility
• It has wide coverage
• The medium has long lasting effects of the audience

Correct Answer: B. noodles.

Correct Answer: B. Giving unique name to a product

Correct Answer: A. Manifest

Correct Answer: A. Provision of finance

Correct Answer: A. Mail order business.

Correct Answer: C. Social environment