Question

Imagine life without your local market.What difficulties would a consumer face if there is no retail shop?

Answer 1

A consumer would face following difficulties if there is no retail shop

(i) In the absence of a retail shop consumer will have to store the goods.

(ii) In the absence of a retail shop, a consumer shall not be able to make a good selection.

(iii) A retail shop supplies goods in the quantities which suit the pocket and needs of different consumers. In the absence of a retail shop, a consumers will have to approach a wholesaler or a manufacturer.

(iv) There will be lot of inconvenience to the consumers.

(v) Consumers will not be able to know the new products available in the market.

(vi) Retail shops often sell goods on credit. In absence of retail shops, consumers will not be able to enjoy credit facility.

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Answer 2

Explanation:

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