A group of sellers who pool their resources to buy goods in large quantities and...

Commerce

JAMB 2022

A group of sellers who pool their resources to buy goods in large quantities and sell to its members is a

A. wholesaler cooperative society
B. thrift and credit society
C. consumer cooperative society
D. chamber of commerce

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Correct Answer: Option A

Explanation

Wholesale co-operative society is formed by small scale wholesalers who purchase goods in bulk from the manufacturers at a reasonable price and sell in small quantities to retail co-operative.

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A group of sellers who pool their resources to buy goods in large quantities and...

Correct Answer: Option A

Explanation

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