Purchase and sale of goods in large quantities for resale or intermediate use is:
AForeign trade
BBarter trade
CWholesale trade
DRetail trade
Answer & Solution
Correct answer: C. Wholesale trade
1. The buyer is not the final user.
2. Goods move on to retailers.
3. That is wholesale trade.
_Source: NCERT Class 11 Business Studies, Chapter 10, Internal Trade._
Related questions
Internal trade aims at equitable distribution of goods within a nation speedily and at:Which of these is a function performed by a retailer?Selling ball pens in a bus or vegetables by the roadside counts as retailing because the gRetailing represents which stage in the distribution of goods?A business enterprise selling goods directly to ultimate consumers is a:Retailers buying in small quantities from wholesalers avoid the risk of:Because they specialise in one line of products, wholesalers pass on to retailers their:Wholesalers who extend credit to regular retail customers let those retailers run on: