WAEC Economics 2021 Theory — Question 14

Question 14 of 26 from the West African Examinations Council (WAEC) Economics 2021 Theory paper, with the correct answer and a full explanation.

4(a). Define product retailing.

Model answer

Product retailing is the act of breaking down large quantities of a product into smaller units so that it can reach the final consumer — it describes the relationship between the retailer and the final consumer.

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