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WAEC Commerce 1992 Question 31

Question 31

Retail Trade

Which of the following functions is not performed by a small retailer?

  1. A.Selling in units to consumers
  2. B.Financing producers
  3. C.Buying from wholesalers
  4. D.Selling goods on credit
  5. E.Stocking a variety of goods
Show the answer and explanation

Answer: B (Financing producers)

Explanation

Financing producers is a wholesaler's function; a small retailer has too little capital.