Question

Explain in brief any five functions of retailers.​

Answer 1

Answer:

Functions of Retailers – Merchandising, Warehousing, Selling, Risk-Bearing, Grading, Packing, Grant of Credit, Guide to Wholesaler, Advertising and Salesmanship. As a middleman between the wholesaler/manufacturer and the consumer/user in the market, the retailer performs many functions.

Answer 2

Concept :

In contrast to wholesalers, who sell to businesses or institutions, retailers sell products and services to consumers. A retailer makes bulk purchases of products from manufacturers, either directly or via a distributor, and then makes a profit by selling them to customers in smaller quantities. All businesses that offer products and services to customers fall under the retail industry umbrella. Various retail sales and store types can be found all throughout the world, including grocery, convenience, discount, independent, department, DIY, electrical, and specialty shops.

Explanation:

We have been given a question about retailers.

We have to write any five functions of retailers.​

• Buying and Assembling

•  Warehousing or Storing

•  Selling

• Credit Facilities

•  Risk Bearing

Final answer:

Hence in contrast to wholesalers, who sell to businesses or institutions, retailers sell products and services to consumers.

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