Question

explain who a chain of market is formed? what purpose it serve? ​

Answer 1

Answer:

answer with explanation:

Explanation:

the people in between the producer and the final consumer are the traders the wholesale trader first buys goods in large quantities ). goods are produced in factories on farms and homes however we don't buy directly from the factory or from the farm.

1) consumer can easily buy goods for palce in the local markets.

2) people from lower income group cannot afford to buy branded products.

3) it encourage production and new opportunities.

4) factories and producer need not to find their consumer directly.

hope this answer would help you

Answer 2

Explanation:

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How a chain of market is form:

1. MANUFACTURER or PRODUCER
2. WHOLESELLER
3. RETAILER
4. COUSTOMER.

Purpose:

• TO MAKE EASY TO REACH THE PRODUTS TO CUSTOMERS.
• TO HAVE FAST AND EFFECTIVE NETWORK OF TRADING.