One of the reasons why wholesaling must continue is that?

Assessment: JAMB UTME - Commerce - 2001 Subject: Commerce

Question 1 Report

One of the reasons why wholesaling must continue is that?
Answer Details
The reason why wholesaling must continue is that wholesalers help bridge the gap between manufacturers and retailers. Wholesalers buy goods in large quantities from manufacturers and sell them in smaller quantities to retailers, who then sell to consumers. Wholesalers also provide a range of services to both manufacturers and retailers, including transportation, storage, financing, and technical advice. This makes it easier for manufacturers to distribute their products to a wider range of retailers and for retailers to access a broader range of products at competitive prices. Therefore, the wholesaling sector plays a crucial role in the distribution and marketing of goods, making it an important part of the economy.

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