WAEC Commerce 2024 Objective — Question 17
Question 17 of 50 from the West African Examinations Council (WAEC) Commerce 2024 Objective paper, with the correct answer and a full explanation.
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17. Prefinancing production is a wholesale's function to A.
- A. manufacturers.Correct
- B. distributors.
- C. retailers.
- D. consumers.
Explanation
The wholesaler sometimes gives the producer money ahead so as to encourage continuous production. This is called prefinancing.
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