Q.

The ____ purchases goods directly from the manufacturer, producer or the farmer.


see full answer

Want to Fund your own JEE / NEET / Foundation preparation ??

Take the SCORE scholarship exam from home and compete for scholarships worth ₹1 crore!*
An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

The wholesaler purchases goods directly from the manufacturer, producer or farmer.
The wholesale market refers to the type of market where goods are not sold directly to the consumers. Instead, they are sold to the seller who sells them hereafter to the people. The wholesale market purchases the goods directly from the manufacturers, producers or farmers. Naturally, the price at which the wholesalers purchase the goods is low. The wholesalers sell those items to the retailers at the cost added with some profit. The trend of purchase and sale in this market depends upon the trend of the retail market.
 
Watch 3-min video & get full concept clarity
score_test_img

Get Expert Academic Guidance – Connect with a Counselor Today!

whats app icon