Question

Differentiate the  Retail and Wholesale Trading Services.

Answer 1

Retail Trading	Wholesale Trading
1. Rural marketing centres provide facilities to the nearby settlements	This is the business activity concerned with the bulk selling of goods through merchants and the supply-houses.
2. Retailers act as intermediaries between wholesaler and customer	Wholesalers act as intermediaries between retail stores and manufacturers.
3. It is done through fixed stores- large shops as well as through non-stores-street peddling, door-to-door, mail-order, telephone, automatic vending machines and internet.	It is always through a fixed place
4. Retailers generally do not give credit to their customers.	Wholesalers also give credit to retail stores.