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WAEC Commerce 1991 (August) Question 50

Question 50

Retail Trade

Which of the following is a retail outlet to eliminate the profits of middlemen?

  1. A.Producer co-operative
  2. B.Consumer co-operative
  3. C.Thrift and credit society
  4. D.Department store
  5. E.Multiple shop
Show the answer and explanation

Answer: B (Consumer co-operative)

Explanation

Consumer co-operatives buy direct from producers and share the surplus among members, cutting out middlemen's profit.