Choose the below statement is true/false;

We go to a wholesale market to buy the things of our household needs.

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True

False

answer is B.

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Detailed Solution

The above statement is False.
The process of purchasing items in bulk from a manufacturer at a reduced price and selling them to a retailer for a higher price for the retailer to repackage and then resell the goods in smaller quantities to customers at an even higher price is the definition of the term "wholesaling." Wholesalers deal in huge quantities, so it is not recommended to go to get things for household needs as most wholesalers would refuse to sell small quantities. Although the prices at wholesale markets would be much lower than in retail markets, it still would not be a good idea to buy for daily household needs.
The correct statement is we do not go to a wholesale market to buy the things our household needs.

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