Question

Name and explain the method used for selling standardised goods.

Answer 1

The method used for selling standardised goods is ‘Sale by Description’.

Sale by Description: Goods that are standardised or graded according to recognised standards for size, shape, content, and other characteristics are typically offered by description. Such goods are easily identified, and consumers purchase them without physically inspecting them. In both home and online buying, this kind of sale by description is very common.