Advertisements
Advertisements
Question
The retail market is the market where the retailer sells goods directly to the ______ in small quantities.
Options
Producer
Wholesaler
Consumer
Advertisements
Solution
The retail market is the market where the retailer sells goods directly to the consumer in small quantities.
Explanation:
In a retail transaction, the seller sells consumers only a limited quantity of the items they require. A retail store is a type of retail business that focuses primarily on retail sales volume. In simple terms, retailing’s purpose is to enable a person or business to sell goods to end users.
APPEARS IN
RELATED QUESTIONS
Perishable goods such as vegetables, fruits, milk products, etc. are sold in Market ______.
Write a word/term/phrase for the following sentence.
The market is where goods are sold to the ultimate consumers or the users of the product.
Write a word/term/phrase for the following sentence.
Two sellers, selling either a homogeneous product or a differentiated product.
The market for the commodities which are produced in one country and sold in other countries is known as the national market.
In the wholesale market, sellers are known as retailers and buyers are known as wholesalers.
Answer in one sentence.
What do you mean by 'Regulated Market'?
Correct the underlined word and rewrite the following sentence.
Commodity Market refers to the market for borrowing and lending long term capital required by the business.
Correct the underlined word and rewrite the following sentence.
In a duopoly, there is a single seller.
Arrange in proper order:
Local market, International market, National market.
Justify the following statement.
The market can be classified on the basis of competition.
Explain different types of markets in detail.
Explain the following term/concept in detail.
Monopsony
Justify the following statement.
The market can be classified on the basis of time.
Monopoly refers to a market situation when there is a single buyer of a commodity or service.
Explain the following term/concept in detail.
Imperfect Market
Market can be classified on the basis of importance and area covered.
Explain the following term/concept in detail:
Monopoly
Explain the following term/concept in detail:
Duopoly
