Correct answers for lesson 1
Independent practice
1. Wholesale trade means buying goods in large quantities from manufactures or producers and selling them in smaller quantities to the retailer.
2. In wholesale trade large quantities of goods are Deals
3. Functions of wholesaler are:
Risk bearing
Buying and selling
Warehousing
Grading and packing
Fixing the price
Transportation
Financing
Breaking the bulk
Providing market information.
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