The most important function of the retailer is to?

Assessment: WAEC SSCE - Commerce - 1992 (Objective) Subject: Commerce

Question 1 Report

The most important function of the retailer is to?
Answer Details
The most important function of a retailer is to make goods available in units to the final consumers. Retailers purchase goods in large quantities from wholesalers or manufacturers and sell them in small quantities to consumers who cannot buy in bulk. By breaking down the bulk into smaller units, retailers make it possible for consumers to access the goods they need. This is the primary function of retailers and it involves the selection of goods, buying them in small quantities, pricing them attractively, and displaying them in a way that makes it easy for customers to find what they are looking for.
Read lesson note on Purchase And Sale Of Goods (JAMB)
View Answer

Related Questions

1

Which of the following is not true of a sole proprietorship?
2

A group of retailing shops under one management and selling then same products is known as?
3

Which of the following saves consumers the time and cost involved in travelling to commercial centres for shopping?
4

Which of the following is an investor earns profit on the basis of his patronage?
5

Which of the following is an investor earns profit on the basis of his patronage?
6

The three main division of production are?
7

Into which of the following two broad areas can trade be divided?
8

A group of retailing shops under one management and selling then same products is known as?

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning