Functions of wholesalers - 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