4. Which of the following statement does not apply to a wholesaler (a) He buys in bulk from manufacturers and sells in relatively small lots (b) He undertakes buying and selling in their own name (c) He bears variety of risks (d He acts as a link between manufactures and consumers ​

Answers 1

Answer:

The above statement is incorrect. Wholesalers deal in large quantities and on a large scale, as they buy goods in large quantities from manufacturers and sell them in comparatively smaller units to industrial units or retail traders. Retailers, on the other hand, deal in small quantities.

E) Peddlers: 5) Goods at lower price

B) Market Traders: 2) Fixed prices

If you know the answer add it here!

Can't find the answer?

Log in with Google

or

Forgot your password?

I don't have an account, and I want to Register

Choose a language and a region
How much to ban the user?
1 hour 1 day 100 years