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SS1: ECONOMICS - 3RD TERM

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  1. Mining | Week 1
    3 Topics
    |
    1 Quiz
  2. Financial Institution I | Week 2
    7 Topics
    |
    1 Quiz
  3. Financial Institutions II | Week 3
    5 Topics
    |
    1 Quiz
  4. Financial Institutions III | Week 4
    5 Topics
    |
    1 Quiz
  5. Business Organisation | Week 5
    3 Topics
  6. Money | Week 6
    5 Topics
    |
    1 Quiz
  7. Channels of Distribution I | Week 7
    5 Topics
    |
    1 Quiz
  8. Channels of Distribution II | Week 8
    6 Topics
    |
    1 Quiz
  9. Business Finance | Week 9
    7 Topics
    |
    1 Quiz



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Wholesaler:Retailer:
1.The wholesaler buys in large quantities from the manufacturer and also sells in small quantities to the retailer.The retailer buys in small quantities from the wholesaler and sells in units to the final consumer.
2.The wholesaler needs large storage space.The retailer does not need large storage space.
3.The wholesaler is more important to the manufacturer.While the retailer is more important to the consumer.
4.The wholesaler’s price is lower than the retailer’s.The retailer’s price is higher than the wholesaler’s.
5.The wholesaler uses the warehouse as business premises.The retailer uses a shop as business premises.
6.The wholesaler spends more money on a particular commodity than the retailer.The retailer spends less money on a particular commodity.
7. Wholesaler specialises in particular goods.The retailer deals with varieties of goods, this allows the final consumer to choose any brand of product.

Evaluation Questions:

1. Highlight the functions of a retailer.
2. Illustrate the chain of distribution.

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Responses

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Evaluation Questions

1. Highlight the functions of a retailer.

Answer:

  • He buys in small quantities from wholesalers and sells in units to consumers.
  • He passes useful information to the retailer.
  • He advises the wholesaler on the type of goods to stock.
  • He helps the wholesaler to advertise his products.
  • He allows credit facilities to the consumers.
  • He renders after-sales services to the consumer.
  • He advises the consumers on the use of goods.

2. Illustrate the chain of distribution

Answer:

Product-Distribution

 

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