PERCEPTION OF RETAILERS AND CONSUMERS ON THE CONSUMPTION OF SECOND HAND GOODS IN NIGERIA: A CASE STUDY OF BENSON IDAHOSA UNIVERSITY AND INTEGRATED DATA SERVICE LIMITED

Abstract

The research project is based on the need to identify what second-hand products are and the motives for their consumption. This study considers second-hand products in Nigerians with particular focus on second-hand cars also called Tokunbo cars. The methodology used in sourcing for information was the use of questionnaires. Major findings show that consumers buy second-hand cars because they are cheaper and sellers sell because sales in second-hand cars are lucrative, that is, it yields more profits. Due to time constraints, a total of 120 questionnaires were administered to get information. Necessary conclusions were drawn based on the fact that consumption of second-hand cars is a matter of personal choice or income of individuals. My recommendation is that though second-hand cars are cheaper also �they have their risks.

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urn:uuid:91ebe765-d8e0-4c11-b282-6d32452bb342