MyQuestionIcon

16

You visited us 16 times! Enjoying our articles? Unlock Full Access!

Markets and Their Visibility

The traders w...

Question

The traders who buy huge quantity of goods from the producers are known as __________________ traders

A

wholesale

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

B

retail

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

C

discount

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

D

supply

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

Open in App

Solution

The correct option is A wholesale
Traders who buy a bulk amount of goods from the producers are known as wholesale traders.

Suggest Corrections

thumbs-up

2

Similar questions

Q. When traders buy goods directly from producers in huge quantities and sell to retailers, it is known as retail trade.

Q. A person who buy products from a salesperson is known as a .

Q. A person who buys and sells goods in large quantities is a:

Q. A person who buys from the producers and sells only in large quantities is called a ______.

Q. When a trader buys goods from another trader and sells it directly to a consumer, what is it called?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Summary

CIVICS

Watch in App

explore_more_icon

Explore more

Markets and Their Visibility

Standard VII Civics

Join BYJU'S Learning Program

CrossIcon