Which of these are ADVANTAGES that consumers enjoy when buying from retailers? (Select 3)*2 pointsRetailers offer goods at lower prices than wholesalers.You can buy a wider variety of goods at a retailer.You don't have to buy a 10 kg bag of sugar at a retailer, you can buy smaller amounts as well.Retailers are closer to where people live, it is more practical to shop there.
Question
Which of these are ADVANTAGES that consumers enjoy when buying from retailers? (Select 3)*2 pointsRetailers offer goods at lower prices than wholesalers.You can buy a wider variety of goods at a retailer.You don't have to buy a 10 kg bag of sugar at a retailer, you can buy smaller amounts as well.Retailers are closer to where people live, it is more practical to shop there.
Solution
The three advantages that consumers enjoy when buying from retailers are:
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You can buy a wider variety of goods at a retailer: Retailers often carry a wide range of products from different brands, giving consumers more options to choose from. This variety can also allow consumers to compare similar products and make the best choice based on their needs and preferences.
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You don't have to buy a 10 kg bag of sugar at a retailer, you can buy smaller amounts as well: Retailers often offer products in different quantities, allowing consumers to buy the amount that suits their needs. This is particularly beneficial for individuals or small families who do not need to buy in bulk.
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Retailers are closer to where people live, it is more practical to shop there: Retailers are usually located in residential areas or city centers, making them easily accessible for most people. This convenience can save consumers time and transportation costs.
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1.Selling of goods to consumers in small quantities as per their need at ________________________ prices. 2. Wholesalers act as a link between _________________ and the retailer. 3. A retail store deals primarily with sales ____________________ in retailing. (a) volume (b) location (c) places (d) value 4. The term ‘wholesale’ means the selling of goods for business use or for ________________ purpose. (a) sale (b) resale (c) post sale (d) None of the above 5. The term ‘retailing’ refers to a business deal in which the seller sells in large quantities as per the need of the customer. (T/F) 6. What do you understand by the term ‘Retail’? 7.What are the essential requirements of a retailer? 8. List down the retailer’s services to the customer.
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