GCE Economics 1989 Question 26

Question 26

Distributive Trade

A person who buys in bulk and sells in bits is a

  1. A.manufacturer
  2. B.sales representative
  3. C.retailer
  4. D.advertiser
  5. E.distributor.
Show the answer and explanation

Answer: C (retailer)

Explanation

A retailer buys a large quantity from the wholesaler and breaks it into small units for consumers.