Internal Trade · Class 11 · CBSE · Commerce Business Studies
A trader who purchases goods in large quantities from manufacturers and sells them in smaller quantities to retailers is known as a:
Practice question from Internal Trade (Class 11 · CBSE · Commerce Business Studies), with the correct answer and a step-by-step solution.
easy · MCQ · Q-0E0F6E
A trader who purchases goods in large quantities from manufacturers and sells them in smaller quantities to retailers is known as a:
- A.Consumer
- B.WholesalerCorrect answer
- C.Hawker
- D.Commission agent
Solution
A wholesaler buys goods in bulk from producers and sells them in relatively smaller quantities to retailers. This creates a link between manufacturers and retailers.
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