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JAMB Commerce 2005 Question 37

Question 37

Wholesale Trade

Wholesalers can be divided into

  1. A.sales agents and brokers
  2. B.full service wholesalers and merchant wholesalers
  3. C.cooperative wholesale society and limited service wholesalers
  4. D.merchant wholesalers and agent middlemen
Show the answer and explanation

Answer: D (merchant wholesalers and agent middlemen)

Explanation

Wholesalers either buy and own the goods (merchant wholesalers) or only arrange sales for a commission (agents and brokers).