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JAMB Commerce 2002 Question 30

Question 30

Wholesale Trade

A wholesaler who possesses the title to the goods he sells is known as

  1. A.a merchant wholesaler
  2. B.a multiple wholesaler
  3. C.a general wholesaler
  4. D.an agent wholesaler.
Show the answer and explanation

Answer: A (a merchant wholesaler)

Explanation

A merchant wholesaler buys and owns the goods he resells; an agent does not take title.