The activity which entails buying of goods in bulk and selling in small quantities to retailers is?

Assessment: JAMB UTME - Commerce - 2010 Subject: Commerce

Question 1 Report

The activity which entails buying of goods in bulk and selling in small quantities to retailers is?
Answer Details
The activity which entails buying of goods in bulk and selling in small quantities to retailers is known as "wholesaling." Wholesaling involves the purchase of large quantities of goods from manufacturers or suppliers at a lower price, with the intention of selling them to retailers who sell the goods to consumers. Wholesalers typically handle large volumes of goods and may provide additional services such as transportation, storage, and financing to retailers.
Read lesson note on Purchase And Sale Of Goods (JAMB)
Read lesson note on Commerce (JAMB)
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