Question

Explain the meaning of the following terms a)mall b)wholesale c)chain of markets

Answer 1

Answer:

b) wholesale= the business of selling of goods in large quantities and at low prices, typically to be sold on by retailers at a profit.

c) chain of markets =A chain of markets is formed starting from wholesale markets to retail shop owners who sell directly to the consumers. Chain of markets is a series of markets that are connected like links in a chain because products pass from one market to another.

Explanation:

Hope it helps..

Answer 2

Answer:MALL:- A mall is a type of market found in the urban areas. It is enclosed space for shopping. It is usually a large building with many floors which have shops , restaurants , cinema , theatres, etc. These most often sell branded goods.

WHOLESALE:- The buiseness of selling goods in large quantities and at low price, typically to be sold on by retailers at a profit.

CHAIN OF MARKETS :- A chain of markets is formed starting from wholesale markets to retail shop owners who sell directly to the consumers . Chain of markets is a series of markets that are connected like links in a chain because products pass from one market to another .