MyQuestionIcon

2

You visited us 2 times! Enjoying our articles? Unlock Full Access!

Business Studies

Shopping Products

Name the busi...

Question

Name the business enterprise that is engaged in the sale of goods and services directly to the ultimate customers?

A

Retailer

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Wholesaler

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Manufacturer

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Brokers

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Retailer
A retailer is a business enterprise that is engaged in the sale of goods and services directly to the ultimate consumers.
He/she normally buys goods in large quantities from wholesalers and sells them in small quantities to the ultimate consumers.
He/she represents the final stage in the distribution where goods are transferred from the hands of traders to final consumers or users.

Suggest Corrections

thumbs-up

0

Similar questions

Q. "A business Organisation is an enterprise engaged in the production or distribution of goods for sale in a market or rending services for a price" are the words of ______.

Q. Write a word or phrase or a term which can substitute each one of the following statements.

1. Human activities conducted for earning money.
2. A type of trade that sales the goods directly to ultimate consumer.
3. Trade that take place between the traders of two different countries.
4. An aspect of business which is concerned with the production of goods.
5. Various services which facilitate smooth flow of goods and services from seller to buyer.
6. The type of industries that provides services.
7. The type of industries that creates immovable wealth.
8. Monetary returns earned by a professional for rendering expert services.
9. An aspect of business which is concerned with the distribution of goods.
10. A type of industry which takes out the wealth from the earth.

Q. By selling directly to the consumers, the multiple-shop organisation is able to eliminate unnecessary middlemen in the sale of goods and services.

Q. Investment in equipment excluding land and building for enterprises engaged in providing or rendering of services for a medium enterprise doesn't exceed ______ as per the MSME Act.

Which of the following does not characterise a business activity?

(a) Production of goods and services

(b) Presence of risk

(c) Sale or exchange of goods and services

(d) Salary or wages

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Product and Pricing

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Shopping Products

Standard XII Business Studies

Join BYJU'S Learning Program

CrossIcon