WAEC - Economics (2018 - No. 21)
wholesalers play an important role in the distribution of goods and services because they?
are located very close to consumers
finance both producers and retailers
pass information on from retailers to consumers
sell in small units to consumers
Wyjaśnienie
Wholesalers either take title to the goods they purchase, or they own the goods they purchase. If there is a significant change in the value of the products between the time of the purchase from the producer and the sale to theretailer, the wholesaler will absorb that profit or loss.