WAEC Commerce 2022 Question 17

Question 17

Retail Trade

A retail store that sells a single product from a particular manufacturer is a

  1. A.tied shop
  2. B.shopping mall
  3. C.hypermarket
  4. D.chain store
Show the answer and explanation

Answer: A (tied shop)

Explanation

A tied shop is linked to one manufacturer and stocks only its products (e.g. a petrol station selling one company's fuel). Chain stores are branches of one firm in different towns.