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JAMB Economics 2004 Question 33

Question 33

Distributive Trade

The final stage in the production process of any commodity involves its movement from the

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

Answer: C (retailer to the consumer)

Explanation

Production is complete only when the good reaches the final consumer, which is the retailer-to-consumer stage.