Question

On the basis of volume of business what are the various types of market ?
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Answer 1

Answer:

On the Basis of Volume of Business: Taking volume of business as a basis, there can be two types of markets namely, “Wholesale” and “Retail”. ... On the other hand, 'Retail' markets are those where quantity bought and sold is on small-scale. The dealers are retailers who buy from wholesalers and sell back to consumers.

Answer 2

Answer:

On the Basis of Volume of Business: Taking volume of business as a basis, there can be two types of markets namely, “Wholesale” and “Retail”. ... On the other hand, 'Retail' markets are those where quantity bought and sold is on small-scale. The dealers are retailers who buy from wholesalers and sell back to consumers.