Which of the following indicates the manufacturer from whom goods are to be bought?

Assessment: WAEC SSCE - Commerce - 1994 (Objective) Subject: Commerce

Question 1 Report

Which of the following indicates the manufacturer from whom goods are to be bought?
Answer Details
The term used to indicate the manufacturer from whom goods are to be bought is "Closed indent". A closed indent is a type of purchase order used by a buyer to purchase goods from a specific supplier or manufacturer. In this type of indent, the buyer specifies the name of the supplier or manufacturer, the quantity and quality of the goods, and the delivery schedule. The closed indent is a legal document that binds both the buyer and the supplier to the terms and conditions of the order.
Read lesson note on Purchase And Sale Of Goods (JAMB)
Read lesson note on Commerce (JAMB)
Read lesson note on Trade (JAMB)
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