Types 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 2001

The merchant wholesaler is referred to as

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

Question 3:

• 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 4:

• JAMB 2005

Wholesalers can be divided into?

A. Sales agent and brokers
B. Full service
C. Cooperative wholesale society and limited service wholesalers
D. Merchant wholesales and egent middlemen

Question 5:

• JAMB 2016

The type of wholesaler that combines selling, delivery and collection in one operation is

A. Specialist wholesaler
B. Rack jobber
C. Drop shipment
D. Truck wholesaler