Question

Read the following characteristics of wholesale trading carefully and choose the correct option:

It is constituted by numerous intermediaries, merchants and supply houses. Wholesalers often extend credit to retail stores. Generally, retailers operate very largely on the wholesaler's capital. Mail order, automatic vending machines, street vendors are some of its examples.

Options

• Only i, ii and iii are correct.

• Only ii, iii and iv are correct.

• Only i, iii and iv are correct.

• Only i, ii and iv are correct.

Answer 1

Only i, ii and iii are correct.

Explanation:

Onlyi, ii and iii are correct. Characteristics I, II, and III discuss various facets of wholesale business, such as the role of intermediaries, credit extension, and retailers' reliance on wholesaler capital. Option iv provides examples of retail trading.