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WAEC Commerce 1993 Question 49

Question 49

Retail Trade

An association of local, independent retailers formed to encourage buying in bulk from manufacturers is known as

  1. A.voluntary chain
  2. B.producer co-operative society
  3. C.multiple store
  4. D.department store
  5. E.hypermarket
Show the answer and explanation

Answer: A (voluntary chain)

Explanation

Independent retailers keep their own shops but group together in a voluntary chain to buy in bulk at lower prices.