Advertisements
Advertisements
Question
Justify the following statement.
Wholesaler is a link between retailer and manufacturer.
Solution
- Wholesaler and retailers are important intermediaries in trade.
- They help to bring the goods from the manufacturer to the ultimate consumer.
- A wholesaler is a trader who deals in large quantities i.e. the wholesaler purchases the goods in bulk from the manufacturer and sells it to retailers in small quantities.
- Both the Wholesalers and retailers are the part of chain of distribution which is shown below. Producer → Wholesaler → Retailer → Consumer
- Thus, it is true that Wholesaler is the link between the manufacturer and the retailer.
APPEARS IN
RELATED QUESTIONS
How would you classify business activities?
Select the correct option and rewrite the sentence.
The actual buying and selling of goods is known as _______
Select the correct option and rewrite the sentence.
The problem of distance is solved by _______
Give one word/phrase/term.
Name the business activity which is concerned with distribution of goods and services.
Find the odd one.
Find the odd one.
Complete the sentence.
Business is an _______ activity.
Complete the sentence.
_________ is the link between wholesaler and customer.
Select the correct option.
| Group A | Group B |
| ______________________ | Selling of goods and services to foreign customer |
Answer in one sentence.
What is the meaning of retail trade?
Answer in one sentence.
What do you mean by commerce?
Answer in one sentence.
What is the secondary industry?
Explain the following term/concept.
Home Trade
Justify the following statement.
Industrial activities take place before commerce starts its role.
Justify the following statement.
Business is part of economic activities.
Attempt the following.
Give a comparative analysis of business, profession, and employment.
