Wholesalers play an important in the distribution of goods and services because they

JAMB Economics 2024 87 views

Wholesalers play an important in the distribution of goods and services because they

  1. are located very close to consumers
  2. finance both producers and retailers ✓
  3. pass information on from retailers to consumers
  4. sell in small units to consumers

Explanation

Wholesalers provide credit to both producers and retailers. They buy in bulk and give retailers time to pay.

Wholesalers are not close to consumers. They sell to retailers, not directly to the public.

By financing both ends of the chain, wholesalers keep goods flowing through the distribution system.

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