(a) What is a market facilitators? (b) State four functions of market facilitators. (c) The...

Explanation

(a) A Market Union is the coming together of various traders who sell similar commodities or products in a particular market to advance and protect the interests its members.

(b) Functions of Market Facilitators;

• They give loans to market union members.
• They Provide overdraft to channel members.
• They accept deposits from channel members.
• They provide warehousing facilities for goods.
• They move goods from one place to another.
• They render Security services to market operators,
• They insure goods and services against business risk
• They advertise goods for producers,
• They provide means of communication between buyers and sellers.
• They provide advisory and consultancy services.

(c) Roles of Garri Sellers Union:

• They settle disputes among members,
• They help to promote unity among members.
• They encourage joint purchase of products among members to enjoy economics of scale,
• They disseminate useful information in the market to their members.
• They offer financial assistance to members in the form of loans and grants.
• They educate their member, on appropriate selling techniques.
• They present a common front in their negotiations with government and other organized institutions.
• They mobilize financial contributions and collections among members on weekly and monthly basis.