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WAEC Commerce 1997 Question 10

Question 10

Introduction to Commerce

Use the diagram to answer the question.
The appropriate label for P on the diagram is

Diagram for this question
  1. A.home trade
  2. B.agent
  3. C.wholesale
  4. D.co-operatives
  5. E.thrift societies
Show the answer and explanation

Answer: C (wholesale)

Explanation

Home trade (O) is divided into retail and wholesale trade.