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JAMB Economics 1995 Question 24

Question 24

Distributive Trade

Stocking small quantities of a variety of goods is a function of the

  1. A.manufacturer
  2. B.wholesaler
  3. C.retailer
  4. D.consumer.
Show the answer and explanation

Answer: C (retailer)

Explanation

The retailer buys small amounts of many different goods so that consumers can find what they need in one shop.