Which of the middlemen in the channel of distribution has tittle to the goods he distributes?

Assessment: JAMB UTME - Commerce - 2005 Subject: Commerce

Question 1 Report

Which of the middlemen in the channel of distribution has tittle to the goods he distributes?
Answer Details
The middleman in the channel of distribution that has title to the goods he distributes is the merchant wholesaler. A merchant wholesaler buys goods in bulk from manufacturers and sells them to retailers, other wholesalers, or businesses. The wholesaler takes ownership and title of the goods and assumes the risks and costs of storing, handling, and transporting the products until they are sold. This means that the wholesaler owns the products and can sell them to buyers who may be located far away or unable to purchase directly from the manufacturer.
Read lesson note on Purchase And Sale Of Goods (JAMB)
Read lesson note on Commerce (JAMB)
View Answer

Related Questions

1

To increase the supply of money in a country, the central bank has to?
2

The excess of the assets over the liabilities of a business is called?
3

The fixed and current assets of a business are called?
4

The major participants in the stock market when stock prices are rising generally are the?
5

One advantage of a crossed cheque is that it can?
6

Given: Sales...........................N15 000 Opening stock...................N5 600 Purchases.......................N9 700 Closing stock......................
7

A good financial instrument which serves as a hedge against inflation is?
8

Invisible imports consist of?

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