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Questions and Answers
What is the major function of the wholesaler?
What is the major function of the wholesaler?
- Providing information to people
- Buying from small scale producers and selling to exporters
- Buying in bulk and selling in small quantities (correct)
- Granting of credit facilities to retailers
Who sells in small quantity to consumers?
Who sells in small quantity to consumers?
- Wholesaler
- Manufacturer
- Retailer (correct)
- Middleman
What is the process of buying, selling, and distribution of goods and services known as?
What is the process of buying, selling, and distribution of goods and services known as?
- Retail trade
- Commerce (correct)
- Wholesale trade
- None of the above
What is the critical factor in organizing a business?
What is the critical factor in organizing a business?
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Buying and selling of goods within a geographical area is called?
Buying and selling of goods within a geographical area is called?
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Who makes the final use of goods and services provided by a firm?
Who makes the final use of goods and services provided by a firm?
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'Entreport trade' refers to?
'Entreport trade' refers to?
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'Trade' simply means?
'Trade' simply means?
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'International trade' comprises of which types of trades?
'International trade' comprises of which types of trades?
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