passwella.
Menu

JAMB Commerce 2014 Question 8

Question 8

Retail Trade

To eliminate middlemen, there should be a retail outlet such as

  1. A.producer co-operative.
  2. B.consumer co-operative.
  3. C.multiple shop.
  4. D.departmental store.
Show the answer and explanation

Answer: B (consumer co-operative.)

Explanation

In a consumer co-operative, consumers pool money, buy goods in bulk straight from producers and sell to members, so the middlemen's profit is cut out.