BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Purchase the good from the wholesalers and sell it to the consumers at higher price to make profit.
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Manufactureres
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Wholesalers
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Retailers
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Consumers
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Explanation:
Detailed explanation-1: -A retailer buys from wholesalers and producers in large quantities and sells to consumers in small quantities.
Detailed explanation-2: -Answer. A wholesaler is a company that buys products in bulk from manufacturers and sells them to retailers.
Detailed explanation-3: -When traders buy goods directly from producers in huge quantities and sell to retailers, it is known as retail trade.
Detailed explanation-4: -Retail price is higher than wholesale price because wholesalers buy very large quantities and retail sales are for fewer units, due to which this difference in price is the profit for the wholesaler.
There is 1 question to complete.