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JAMB Economics 1998 Question 20

Question 20

Distributive Trade

Unlike the retailer, the wholesaler provides

  1. A.useful information to the manufacturer about consumers' tastes
  2. B.after-sales service to the consumer
  3. C.useful information to the customers on the benefits and uses of the product
  4. D.useful information about market trends and finance to the manufacturer.
Show the answer and explanation

Answer: D (useful information about market trends and finance to the manufacturer.)

Explanation

The wholesaler stands between manufacturer and retailer: he advises the manufacturer on market trends and helps finance production by buying in bulk and paying early.