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A market where commodities are bought and sold in bulk, typically in Business to Business (B2B) dealings, is the:
ARetail market
BSpot market
CLocal market
DWholesale market
Answer & Solution
Correct answer: D. Wholesale market
1. The wholesale market is where commodities are bought and sold in bulk or large quantities.
2. Such transactions generally take place between traders, that is Business to Business (B2B).
3. A retail market deals in small quantities for ultimate consumers (B2C), so it is ruled out.
4. Therefore the wholesale market is correct.
_Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 4 Unit I "Meaning and Types of Markets", p.4_
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