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- It facilitates steady supply of goods by storing surplus goods and releasing them during times of
shortages.
- May help them in stabilizing prices as supply becomes continuous.
- Some goods when stored improve in quality to the advantage of consumer.
- It can create employment opportunities to consumers
- Enables the consumers to check on quality of goods before they buy.
gideon1 answered the question on October 1, 2017 at 14:44
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(i) Economics
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(iii) Opportunity cost
(iv) Scale of preference(Solved)
Define the following terms as used in Business Studies.
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(iii) Opportunity cost
(iv) Scale of preference
Date posted: October 1, 2017. Answers (1)
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Year Price (shs)
2010 450
2014 675
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(ii) Comment on your answer.
Date posted: October 1, 2017. Answers (1)
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