JAMB - Commerce (2025 - No. 31)
Which of the following functions of the wholesaler helps to stabilize prices
Provision of credit
Advice to retailers
Warehousing
Financing
Paaiškinimas
The function of the wholesaler that helps to stabilize prices is Warehousing. Warehousing involves the storage of goods. By storing
goods, wholesalers can release them into the market when there is demand, thus preventing a surplus or shortage of goods which
can lead to price instability.
goods, wholesalers can release them into the market when there is demand, thus preventing a surplus or shortage of goods which
can lead to price instability.