What is the difference between wholesale trade and retail trade ? Are the shops in our neighbourhood constitute retail trade or wholesale trade ?
Answers
Answered by
5
wholesale trade refers to the buying and selling of good and services in large quantities for the purpose of resale or intermediate use.
Retail trade: it refers to the buying of goods and services in relatively small quantities: And selling them to the ultimate consumers.
The shops in our neighbour will be considered as retail shops because they sell products directly to the consumers according to the need in small quantities.
Retail trade: it refers to the buying of goods and services in relatively small quantities: And selling them to the ultimate consumers.
The shops in our neighbour will be considered as retail shops because they sell products directly to the consumers according to the need in small quantities.
Similar questions