Question

Retailers supply market information to ________ through wholesalers. (Fill in the blank by choosing correct option)
a) Manufactures
b) Government
c) Consumers

Answer 1

Answer:

The correct option is a.

According to option a, 'Retailers supply market information to manufacturers through wholesalers.'

This is the case because look at the chain of production,

1- there are producers or manufacturers who create the products.

2- Then on second position there are wholesalers who buy the products in bulk.

3-Next the goods are separated into quantities, then sent off to retailers.

4-Then the retailers sale these products to final consumers.

According to this chain, if retailers are going to give out information, it would be backward. Because the retailers are supplying market information. So retailers will either given information to wholesalers or manufacturers.

Answer 2

Answer:

Option a) Manufacturers.

Explanation:

Market information is crucial for manufacturers so that they can tune and modify their products or services according to consumer requirements and thereby increase sales. It helps them to produce the right quality of products or services in the right quantity, based on input from retailers, through wholesalers.

Manufacturers may also approach the consumer directly seeking information through market surveys.