Question

Retailer sells goods on cash basis. (State with reason whether the given statement is true or false)

Answer 1

True. A retailer generally sells goods to consumers on cash basis as consumers buy in small quantities and hence can easily pay sum in cash. However, he may sometimes lend credit to known customers.

Answer 2

Answer:

True

Explanation:

This statement is True because consumers requirement is not too much they can easily pay cash to the retailer. So, the Retailer and consumers both are happy because both needs are fulfilled. Retailers' duty to .provides good product to the consumer. So, Retailer plays a very important role in the market, their proper duty to provide goods products and also adding a new customer.