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WAEC Economics 2000 Question 15

Question 15

Distributive Trade

Which of the following is a function of the retailer?

  1. A.Provision of storage facilities
  2. B.Financing manufacturers
  3. C.Stocking variety of goods
  4. D.Advertisement of goods.
Show the answer and explanation

Answer: C (Stocking variety of goods)

Explanation

A retailer stocks a wide variety of goods from many producers so consumers can choose in one place; financing manufacturers is a wholesaler's job.