Question

Mansi orders a mixer on the basis of an advertisement in a newspaper specifying the features, price,delivery terms. It specified that the term of payment will be VPP only. Identify this type of retail business.


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Answer 1

Mail order retailing is type of retail business.

Explanation:

• Mail order retaining is  type of retail business where Mansi orders a mixer on the basis of an advertisement in a newspaper specifying the features, price,delivery terms.
• The sellers approach the potential customers by advertisement with their product description along with the catalogues. This Mail order retaining is very convenient for both the buyers and the sellers.
• The goods are sold on cash and the term of payment will be VPP only so there is no risk of bad debts.

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Identify this type of retail business.

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