Internal Trade · Class 11 · CBSE · Commerce Business Studies
State any three important services provided by wholesalers to manufacturers and retailers.
Practice question from Internal Trade (Class 11 · CBSE · Commerce Business Studies), with the correct answer and a step-by-step solution.
medium · Subjective · Q-795907
State any three important services provided by wholesalers to manufacturers and retailers.
Answer: Wholesalers provide storage facilities by holding goods until they are needed. They purchase goods in bulk and break them into smaller quantities for retailers, while also bearing risks related to storage and changes in demand or prices. Wholesalers may provide financial assistance to retailers and supply manufacturers with market information about consumer demand.
Solution
Wholesalers bridge the gap between manufacturers and retailers. Their major services include storage, bulk breaking, risk bearing, financing and providing market information.
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