MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Wholesale and Retail Trade

When traders ...

Question

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

A

False

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

B

True

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

Open in App

Solution

The correct option is A False

Suggest Corrections

thumbs-up

0

Similar questions

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

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

Q. Assertion (A): A farmer sells wheat directly to the consumer.

Reason (R): When a producer sells directly to the consumers, it is called retail trade.

Which of the following is correct?

Q. Retailers purchase the goods from ____ and sell them to the customers.

Q. Itinerant retailers are small traders operating with limited resources.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Question No. 10

ECONOMICS

Watch in App

explore_more_icon

Explore more

Wholesale and Retail Trade

Standard IX Economics

Join BYJU'S Learning Program

CrossIcon