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Question
Justify the following statement:
Wholesaler sells goods in large quantities.
Solution
- A wholesaler buys large quantities from the manufacturer and sells them to the retailers according to their orders.
- The wholesaler has to take risks in the process of distribution.
- Wholesalers buy goods from manufacturers and sell them to retailers, so the wholesaler is the buyer and the seller.
- A Wholesaler deals with one or a few types of goods.
- A Wholesaler sells the goods to the retailers as per their requirements.
- A wholesaler maintains price stability by balancing supply and demand factors.
- Thus, wholesalers sell goods in large quantities.
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