1. What is a Market?
2. Why do we need a Market?
3. Define Intermediaries
4. Why does the credit facility attract buyers and also benefits the grocer?
Answers
Explanation:
1- A market is a place where two parties can gather to facilitate the exchange of goods and services. ... The market may be physical like a retail outlet, where people meet face-to-face, or virtual like an online market, where there is no direct physical contact between buyers and sellers.
2- We need a market so as to meet the demands and supplies existing in an area and also the fulfillment of consumer need. A consumer is likely to consume the goods and services from a producer who producer like firms so as to gain maximum satisfaction and also be in an area of consumer equilibrium.
3- Distribution of goods takes place by means of channels, and the intermediaries are the independent groups or organizations within the channel that make the product available for consumption. There are four main types of intermediary: agents, wholesalers, distributors, and retailers.
4- A retail credit facility is a financing method; it can refer to ... In relation to retail ventures, credit facilities can be used as multi-purpose vehicles for corporate financing, ... Issuing retail cards has a broad range of advantages.