Wholesale trade - 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 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 3:

• 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 4:

• JAMB 2006

The role of a wholesaler in the channel of distribution is to?

A. Produce goods in large quantities and sell in small quantities
B. Buy goods directly from the manufacturers
C. Buy goods in large quantities and sell in small quantities
D. Sell goods directly to the consumers

Question 5:

• JAMB 2009

One of the functions of the wholesaler is to?

A. Forecast prices
B. Reduce prices of goods
C. Promote sales
D. Analyse sales periodically