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Question
Explain the following term/concept:
Wholesale Trade
Solution
(I) When goods are purchased in large quantities from the manufacturers or producers for the purpose of resale to retailers, then it is called wholesale trade
(II) The person doing wholesale business is called a wholesaler.
(III) Wholesaler acts as a link between manufacturer and retailer.
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RELATED QUESTIONS
Select the correct option and rewrite the sentence.
_________ is the link between producer and retailer.
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A shop where all goods are available at same price.
Complete the sentence.
The wholesaler purchases a large quantity of goods from the __________.
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The wholesaler bears the risk of _________ and market fluctuations
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The wholesaler provides financial support to retailers by way of __________ facility.
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A modern shopping mall is an ____________ term.
Select the correct option.
Departmental store located _______ the city.
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Retailer operates in ___________ markets
Select the correct option.
Departmental store is a ___________ scale retail shop.
Explain the following term/concept:
Retail Trade.
Study the following case/situation and express your opinion.
Sonupant purchases his grocery material every month from the nearest Nandulal grocery shop and he purchases wheat, rice, and pulses in bulk for the whole year from Gorhe and Son’s market yard.
Any one difference between wholesaler and retailer?
Answer in brief.
State any two types of small scale fixed shop retailer.
Justify the following statement:
Wholesaler maintains price stability.
Justify the following statement:
Retailer provide home delivery of goods to customers.
Justify the following statement:
Wholesaler performs various marketing functions.
Justify the following statement:
There is no scope for bargaining in one price shop.
Answer the following:
What are the main features of Wholesaler?
Explain small-scale fixed shop retailers.
