Q.2 Explain the following terms/concepts.
1) Wholesale Trade
2) Retail Trade
3) Foreign Trade
Answers
Answer:
Answer:(1) When goods are purchased in large quantity from the manufacturers or producers for the purpose of resale to retailers, then it is called as
Answer:(1) When goods are purchased in large quantity from the manufacturers or producers for the purpose of resale to retailers, then it is called aswholesale trade
Answer:(1) When goods are purchased in large quantity from the manufacturers or producers for the purpose of resale to retailers, then it is called aswholesale trade(II) The person doing wholesale business 1s
Answer:(1) When goods are purchased in large quantity from the manufacturers or producers for the purpose of resale to retailers, then it is called aswholesale trade(II) The person doing wholesale business 1scalled wholesaler.
Answer:(1) When goods are purchased in large quantity from the manufacturers or producers for the purpose of resale to retailers, then it is called aswholesale trade(II) The person doing wholesale business 1scalled wholesaler.(III) Wholesaler acts as a link between
Answer:(1) When goods are purchased in large quantity from the manufacturers or producers for the purpose of resale to retailers, then it is called aswholesale trade(II) The person doing wholesale business 1scalled wholesaler.(III) Wholesaler acts as a link betweenmanufacturer and retailer.