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WAEC Commerce 1997 Question 12

Question 12

Wholesale Trade

Which of the following functions of the wholesaler helps to stabilize prices?

  1. A.Financing
  2. B.Advice to retailers
  3. C.Provision of credit
  4. D.Advertising
  5. E.Warehousing
Show the answer and explanation

Answer: E (Warehousing)

Explanation

By storing goods when plentiful and releasing them when scarce, the wholesaler keeps prices steady.