Advertisements
Advertisements
Question
Retailer is the link between manufacturer and wholesalers.
Options
True
False
Advertisements
Solution
The statement is False.
Explanation:
A retailer is often a link between wholesalers and consumers, not producers and wholesalers. The supply chain typically runs from manufacturer to wholesaler to retailer to customer.
APPEARS IN
RELATED QUESTIONS
Give one word/phrase/term.
A regular activity concerned with the production and distribution of goods and services for profits.
Give one word/phrase/term.
Buying and selling of goods against money or money’s worth.
State True or False.
Business is an economic activity.
State True or False.
Every profession is practiced for earning money.
State True or False.
Trade includes commerce.
State True or False.
Trade includes buying and selling of goods and services
Explain the following term/concept.
Profession
Distinguish between:
Employment and Profession.
State any four features of profession.
State any four features of profession.
State any four features of profession.
State any four features of the profession.
State any four features of profession.
State any four features of profession.
What is the primary aim of economic activities?
Which characteristic distinguishes economic activities from other activities?
Which type of economic activity is represented by a doctor providing medical services?
