NECO Commerce 2023 Theory — Question 6
Question 6 of 17 from the National Examinations Council (NECO) Commerce 2023 Theory paper, with the correct answer and a full explanation.
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Question 3(b). State two features of each of the following outlets: 1. Chain Stores 2. Mobile Shop 3. Mail Order Business
Model answer
1. Chain Stores: (i) Chain stores operate the same price all over the nation in all other shops. (ii) The headquarters usually purchases and distributes goods in bulk to other chain stores all over the nation. 2. Mobile Shop: (i) Mobile shops make use of specially adapted motor vans which carry the vendor and their goods from one place to another. (ii) Mobile shops deal in a limited range of goods based on the capacity of the motor van. 3. Mail Order Business: (i) Mail order shopping is typically conducted via postal services. (ii) It represents a method through which manufacturers can circumvent wholesalers and retailers.
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