Functions of retailers - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2:

• JAMB 1994

What is the major function of the wholesaler?

A. Buying from small-scale producers and selling to exporters
B. Buying in bulk and selling in small quantities
C. granting of credit facilities to retailers
D. Providing information to manufacturers on market situation

Question 3:

• JAMB 2011

One of the functions of a retailer is the?

A. Financing of production activities
B. Provision of credit facilities to relations
C. Provision of jobs for customers
D. Breaking of bulk

Question 4:

• JAMB 2016

One of the functions of the retailer is

A. Granting credit facilities to close relatives
B. Provision of after - sales services
C. Branding and packaging of goods
D. Warehousing of goods