Observation

This question was not properly responded to by the candidates who attempted it.  The required responses to both parts of the questions are:

(a)        Product sourcing:- is the process of finding and locating items to resell at a profit from domestic or international markets.

OR

Product sourcing:- involves activities undertaken by a buyer to locate, evaluate and determine the supplier that meets his product need for resale.

(b)        Reasons why the automobile seller engages in successful product sourcing include:

-     to select items that buyers want to purchase;
-     to buy the items at low prices to make good profits;
-     to find quality items that will help to increase repeat purchase;
-     to offer his customers a good product range;
-     to compete effectively with other retailers prices;
-     to avoid stock out situations;
-     to increase the rate of turn over.