The neighbourhood markets often give goods to their regular customers on ________.

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Solution

The neighbourhood markets often give goods to their regular customers on credit.

Explanation - The neighbourhood markets often give goods to their regular customers on credit as their customers belong mostly to the neighbourhood. There is familiarity between the buyer and seller and thus, transactions on credit are facilitated.

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Similar questions

According to the passage, most consumer-goods markets share which of the following characteristics?

I. Customers who differ significantly from each other

II. Large number of potential customers

III. Customers who each represent a small percentage of potential sales

Grading ensures the customers that the goods belong to a particular quality and helps the marketer to fix the prices easily. State true and false.

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