Which of the following is a function of a wholesale market ?

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To buy goods from the producers and sell them to consumers

To buy goods from the producers and sell them to retailers

To act as an agent between producer and consumer

None of the above

answer is A.

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Detailed Solution

The function of a wholesale market is to buy goods from the producers and sell them to consumers.
The entire sales market's job is to buy items from manufacturers and sell them to retailers.
Wholesalers purchase things in bulk or stock directly from consumers. They then sell it to shops to make a profit. As a result, they serve as a bridge between retailers and producers. Then, retailers sell things to customers. Various aspects are involved in the wholesale business, like product purchasing, selling, and distribution. Wholesale is the most typical sort of relationship between manufacturers and retailers.

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