Distinguish between.
1) Wholesaler and Retailer.
Ans:-
Sr. No. | Point | Wholesaler | Retailer |
1) | Meaning | A person who conducts the wholesale trade is called a wholesaler. | A person who conducts the retail trade is called a Retailer |
2) | Capital | Required large capital | Comparatively less capital is required. |
3) | Link | Links the manufacturer and retailers. | Links wholesalers and customers. |
4) | Location | Located in Central Market of the city. | Located in various Local Markets of the city. |
5) | Profit Margin | Less profit margin as compared to retailer. | More profit margins as compared to wholesaler. |
6) | Prices | Sells goods at lower prices to retailer. | Sells goods at higher prices to consumer . |
7) | Credit Facility | Offer credit facility to retailer. | Offer credit facility to customer. |
8) | Warehousing | Requires big warehousing for storing of the goods. | Requires limited warehousing for storing of the goods. |
9) | Specialization | Specialized in one or a few line of goods. | Specialized in variety of goods. |
10) | Finance | Requires large financial resources. | Requires limited financial resources. |
2) Itinerant and Non Itinerant Retailers.
Ans:-
3) General stores and Speciality stores.
Ans:-
Sr. No. | Point | General Store | Speciality Shop |
1) | Meaning | It is a shop dealing with wide range of goods | It is a shop dealing with specialized products. |
2) | Location | Located near residential areas. | Located in shopping centers of the city. |
3) | Prices | Prices of goods are generally low | Prices of goods are generally high. |
4) | Type of goods | Day to day required goods are sold. | Only specialized goods are sold. |
5) | Advertisement | They do not spend on advertisement | They spend more on advertisement |
6) | Variety of Products | Less variety of products | More variety of products |
4) Departmental stores and Chain store.
Ans:-
Sr. No. | Point | General Store | Speciality Shop |
1) | Meaning | It is a shop dealing with wide range of goods | It is a shop dealing with specialized products. |
2) | Location | Located near residential areas. | Located in shopping centers of the city. |
3) | Prices | Prices of goods are generally low | Prices of goods are generally high. |
4) | Type of goods | Day to day required goods are sold. | Only specialized goods are sold. |
5) | Advertisement | They do not spend on advertisement | They spend more on advertisement |
6) | Variety of Products | Less variety of products | More variety of products |
5) Import Trade and Export Trade.
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