Advertisements
Advertisements
Question
Justify the following statement.
Retailer is in direct contact with ultimate consumers.
Solution
- Retailer in a trader operating in the chain of distribution.
- He deals with the ultimate consumer.
- Retailer is the last link in the chain of distribution.
- Goods flow from the producer to consumer in the following way:
Producer → Wholesaler → Retailer → Consumer - Thus, retailer comes into direct contact with the ultimate consumer.
APPEARS IN
RELATED QUESTIONS
Select the correct option and rewrite the sentence.
Construction of dams is an activity done under ________ industry.
Select the correct option and rewrite the sentence.
The problem of distance is solved by _______
Give one word/phrase/term.
The type of industries that creates immovable wealth.
Give one word/phrase/term.
The activity which provides mobility to men and material.
Give one word/phrase/term.
An occupation by which a person agrees to provide expert services for fees.
Find the odd one.
Find the odd one.
Complete the sentence.
Industry creates _________ utility.
Complete the sentence.
_________ is the link between wholesaler and customer.
Select the correct option.
Group A | Group B |
Purchase of goods and services from another country. | _________________ |
Select the correct option.
Group A | Group B |
______________________ | Link between producer and retailer |
Answer in one sentence.
What do you mean by import trade?
Answer in one sentence.
What is meant by auxiliaries to trade?
Answer in one sentence.
What is trade?
Answer in one sentence.
What do you mean by commerce?
Explain the following term/concept.
Foreign Trade
Justify the following statement.
Wholesaler is a link between retailer and manufacturer.
Attempt the following.
How does banking and insurance help trading?