Question on: JAMB Commerce - 2023
The activity of buying goods in bulk and selling in small quantities to retailers is known as ___
A
wholesaling
B
retailing
C
merchandising
D
assembling
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Correct Option: A
Wholesaling involves purchasing goods in large quantities from producers or manufacturers and then selling them in smaller quantities to retailers, who in turn sell to the end consumers. This process allows wholesalers to take advantage of volume discounts and provide a variety of products to retailers without requiring them to maintain large inventories.
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