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Use the following information to answer this question OJ Ltd is a bakery that produces...

Marketing
WAEC 2023

Use the following information to answer this question

OJ Ltd is a bakery that produces bread and confectioneries while Ernest Super Market buys its products.

Ernest Super Market is classified as

  • A. a producer
  • B. a retailer
  • C. an agent
  • D. a wholesaler
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Correct Answer: Option B
Explanation

Ernest Super Market, which buys products from OJ Ltd for resale, is classified as a retailer. Retailers are businesses that sell products directly to consumers, typically through physical stores or online platforms. In this case, Ernest Super Market acts as the intermediary between OJ Ltd (the producer) and the end consumers by purchasing bakery products from OJ Ltd and selling them to individual customers in its supermarket.


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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts