Q2 C of 19 Page 259

Answer each of the following questions in two to four sentences:

Who are wholesalers?


Wholesalers are those traders who buy goods in large quantity from producers and sell them to the retailers in small quantities. They do not delve in a variety of products and only concentrate on two or three different types. They act as the link between retailers and producers and extend their credit to both parties. They also provide storage facilities, advertisement opportunities etc.


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Name the three types of foreign trade.


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