Business Studies

Name the business enterprise that is engaged in the sale of goods and services directly to the ultimate customers?


ANSWER

Retailer


SOLUTION
  • A retailer is a business enterprise that is engaged in the sale of goods and services directly to the ultimate consumers.
  • He/she normally buys goods in large quantities from wholesalers and sells them in small quantities to the ultimate consumers.
  • He/she represents the final stage in the distribution where goods are transferred from the hands of traders to final consumers or users. 
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 199
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Mail order business is known as shopping by ___. 
  • A. email
  • B. fax
  • C. post
  • D. website

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Operating costs of running a supermarket is less because of which of the following factors?
  • A. Being operational on a large scale
  • B. Central location
  • C. No bad debts
  • D. One roof, low cost

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
What are the minimum number of members required to form Consumer Cooperative Store?
  • A. 5
  • B. 10
  • C. 15
  • D. 20

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
The profits earned by consumer cooperative stores are utilised for ________________.
  • A. declaring bonus to members.
  • B. strengthening the general reserve.
  • C. social and educational benefit of members.
  • D. all of the above

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 TRUE/FALSE Medium
Effective display of products and through their personal selling efforts retailers provide new product information to customers.
  • A. True
  • B. False

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer