wholesalers play an important role in the distribution of goods and services because they?
ECONOMICS
WAEC 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
Correct Answer: B. finance both producers and retailers
Explanation
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 the retailer, the wholesaler will absorb that profit or loss.
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