Question 16
Wholesale TradeWhat is the major function of the wholesaler?
- A.buying from small-scale producers and selling to exporters
- B.buying in bulk and selling in small quantities
- C.granting of credit facilities to retailers
- D.providing information to manufacturers on market situation.
Show the answer and explanation
Answer: B (buying in bulk and selling in small quantities)
Explanation
The wholesaler's main job is breaking bulk: buying large quantities from producers and selling smaller lots to retailers.