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What is the primary function of a wholesale market?
What is the primary function of a wholesale market?
To facilitate the buying of goods in bulk, followed by reselling in smaller quantities.
What is the typical role of wholesalers in a supply chain?
What is the typical role of wholesalers in a supply chain?
They act as a link between producers and retailers.
List three categories of goods commonly found in a wholesale market.
List three categories of goods commonly found in a wholesale market.
Fruits, vegetables, food grains, textiles, medicines, or paper.
Do wholesalers tend to specialize in several items or a limited number of items?
Do wholesalers tend to specialize in several items or a limited number of items?
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What is the main purpose for buyers purchasing goods at a wholesale market?
What is the main purpose for buyers purchasing goods at a wholesale market?
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Study Notes
Wholesale Markets
- Wholesale markets are places where goods are purchased in large quantities from producers and then sold in smaller amounts to retailers.
- The primary purpose of these purchases is resale.
- Common products sold in wholesale markets include fruits, vegetables, grains, textiles, medicines, and paper.
- Wholesalers act as intermediaries between producers and retailers.
- Wholesalers often specialize in one or two specific product types.
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Description
This quiz explores wholesale markets, detailing their role in the supply chain where goods are bought in bulk from producers and sold to retailers. It covers various products sold in these markets and the specialization of wholesalers.
