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WAEC Commerce 2022 Question 8

Question 8

Co-operative Societies

A group of sellers who pool their resources to buy goods in large quantities and sell to its members is a

  1. A.wholesale cooperative society
  2. B.thrift and credit society
  3. C.consumer cooperative society
  4. D.chamber of commerce
Show the answer and explanation

Answer: A (wholesale cooperative society)

Explanation

In a wholesale cooperative, retailers (sellers) join to buy in bulk and then sell to their member shops.