9 Questions
What is the major function of the wholesaler?
Buying in bulk and selling in small quantities
Who sells in small quantity to consumers?
Retailer
What is the process of buying, selling, and distribution of goods and services known as?
Commerce
What is the critical factor in organizing a business?
Capital
Buying and selling of goods within a geographical area is called?
Domestic trade
Who makes the final use of goods and services provided by a firm?
Consumer
'Entreport trade' refers to?
Importing for re-exporting
'Trade' simply means?
Commerce
'International trade' comprises of which types of trades?
International trade
Test your knowledge on the major functions of wholesalers. Find out about their role in buying goods in bulk and selling them in smaller quantities to retailers. Identify key concepts related to the buying, selling, and distribution of goods and services.
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