Question on: WAEC Economics - 2018
wholesalers play an important role 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
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Correct Option: B
Wholesalers either take title to the goods they purchase, or they own the goods they purchase. If there is a significant change in the value of the products between the time of the purchase from the producer and the sale to theretailer, the wholesaler will absorb that profit or loss.
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