WAEC - Commerce (2001 - No. 32)
The extra commission for pledging full settlement of the wholesaler to the manufacturer?
Warehousing
Quality Control
Financing
Bulk -breaking
Explanation
In the context of wholesaling, the term “financing” refers to the extra commission that a wholesaler might earn for pledging full settlement to the manufacturer. This is often seen with del credere agents, who guarantee payment to the manufacturer. In exchange for taking on this additional risk, they receive an extra commission known as del credere commission.
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