Question

Assertion (A) : The people in between the producers and the final consumers are traders
Reason (R) : the people who fully sell the commodities to the consumers are retailers.

• A. Both A and R are true and R is the correct explanation of A.
• B. Both A and R are true and R is not the correct explanation of A.
• C. A is true but R is false
• D. A is false but R is true

Answer 1

The correct option is B Both A and R are true and R is not the correct explanation of A.

Retailers sell goods or commodities directly to consumers. These items are purchased from the manufacture / producer or wholesaler and sold to the end user at a market up price. Traders include retailers and wholesalers.