Categories: Economics JAMB

Wholesalers play an important in the distribution of goods and services because they?

A. are located very close to consumers
B. finance both producers and retailers
C. pass information on from retailers to consumers
D. sell in small units to consumers

Correct Answer:

Option B – finance both producers and retailers

Explanation

Wholesalers finance the manufacturer/producer by providing fund for the producer to produce and grant credit to the retailer.

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