Home Trade - Jamb Commerce Past Questions and Answers

Question 41:

• JAMB 2021

The function of a merchant wholesaler is to ____________

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

Question 42:

• JAMB 2021

A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a ____________

A. Commission agent
B. Factor
C. Broker
D. Del credere agent