Wholesalers purchase large quantities of goods from producers and store them in warehouses until retailers require them. They provide a link between producers and retailers by selling goods to retailers on credit. Retailers then sell goods or services directly to consumers, creating time utility by making goods available whenever needed, undertaking risks of bad debts, and educating consumers about products by acting as spokespeople for customers. Wholesalers also provide financial assistance to both manufacturers and retailers.
Wholesalers purchase large quantities of goods from producers and store them in warehouses until retailers require them. They provide a link between producers and retailers by selling goods to retailers on credit. Retailers then sell goods or services directly to consumers, creating time utility by making goods available whenever needed, undertaking risks of bad debts, and educating consumers about products by acting as spokespeople for customers. Wholesalers also provide financial assistance to both manufacturers and retailers.
Wholesalers purchase large quantities of goods from producers and store them in warehouses until retailers require them. They provide a link between producers and retailers by selling goods to retailers on credit. Retailers then sell goods or services directly to consumers, creating time utility by making goods available whenever needed, undertaking risks of bad debts, and educating consumers about products by acting as spokespeople for customers. Wholesalers also provide financial assistance to both manufacturers and retailers.
Wholesalers purchase large quantities of goods from producers and store them in warehouses until retailers require them. They provide a link between producers and retailers by selling goods to retailers on credit. Retailers then sell goods or services directly to consumers, creating time utility by making goods available whenever needed, undertaking risks of bad debts, and educating consumers about products by acting as spokespeople for customers. Wholesalers also provide financial assistance to both manufacturers and retailers.
1. --------- is traders who purchase and sell in large quantities. ( wholesaler)
2. --- provides a link between producer and the retailer .( wholesaler) 3. Wholesaler keep the goods assembled by them in their ---- to supply them to retailers whenever require. (warehouse) 4. The wholesalers help the retailers by selling the goods on ----- (credit) 5. ----- consists of the sale and all activities directly related to the sale of goods or services to the ultimate consumer ( retailing) 6. What is the difference between wholesaler and retailer 7. Who is a retailer? What are the functions performed by a retailer? 8. How the retailers create time utility? 9. How the retailers undertake the risk of bad debts? 10.How the retailers educate consumers about the products? 11.Retailers act as the spokesperson or agents of the customers. Explain 12.What are the functions of wholesalers? 13.Wholesalers provide financial assistance to both manufacturers and retailers . narrate.