Home Trade - Jamb Commerce Past Questions and Answers

Question 11:

• JAMB 2000

The function of a merchant wholesaler is to

A. Buy in bulk, store and sell to retailerss as desired
B. Posses title to the goods, store and sale to retailers
C. Bring buyers and sellers together
D. Find markets for producers' finished goods

Question 12:

• JAMB 2001

One of the reasons why wholesaling must continue is that?

A. The tax paid by wholesalers on their profit enhances national revenue
B. By creating artificial scarcity, the wholesaler is enhencing competition
C. The wholesaler provides technical advice to the retailer
D. The gap between manufacturers and retailers is reduce byn wholesalers

Question 13:

• JAMB 2001

The merchant wholesaler is referred to as

A. Del-credere agent
B. A broker
C. Rack jobber
D. A factor

Question 14:

• JAMB 2002

A wholesaler who possesses the title of goods he sells is known as?

A. A merchant wholesaler
B. A multiple wholesaler
C. A general wholesaler
D. An agent wholesaler

Question 15:

• JAMB 2002

which of the following is an determines the quality of goods and that a retailer sells?

A. The mode of contract of sales
B. The type of manufacturer
C. The regulations regarding sales in the area
D. The location of his shop