Question

Define (1) Wholesale, (2) Retail, (3) Foreign trade, (4) Transportation.

Answer 1

Answer:

Wholesale- The business of selling goods at high prices and low prices

Retail-The sail of goods to the public in relatively small quantities

Answer 2

Answer:

1. The business of selling goods at large quantities and at low prices is know as wholesale.

2. The selling of goods to the people in relatively small quantities for use or consumption is know as retail.

3. Foreign trade is the exchange of capital, goods and services across international borders or territories.

4. Transport or transportation is the movement of humans, goods and animals from one location to another.