Question 21
Distributive TradeRetailers are greater in number than wholesalers because
- A.retail business may not be registered or incorporated
- B.retail business requires less expertise
- C.retailers deal with final consumers
- D.all wholesale businesses are large enterprises
- E.all retail businesses are small enterprises.
Show the answer and explanation
Answer: B (retail business requires less expertise)
Explanation
Retailing needs little capital and skill, so many people can enter it, while wholesaling needs more capital, storage and know-how.