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Q.

A type of market where the goods are normally not sold directly to the consumers is Known as:


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a

Retail Market

b

Wholesale market

c

Weekly market

d

Shopping malls 

answer is B.

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Detailed Solution

A type of market where the goods are normally not sold directly to the consumers is known as the wholesale market. This market refers to the type of market in which items are not typically offered directly to customers. Instead, they are sold to retailers, who then sell them to customers. The wholesale market buys goods directly from manufacturers, producers, or farmers. Naturally, the wholesalers purchase the goods at a low cost. Wholesalers sell the items to retailers at cost plus a small profit. As a result, it is slightly higher than the wholesaler's purchasing price. Again, price is controlled by supply and demand. The retail market trend determines this market's purchase and sale pattern.
 
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