1.

Distinguish between Wholesalers and retailer.

Answer»
WholesalerRetailers
1. They organize business on a large scale.They organized business on small scale.
2. Huge capital is requiredLess capital is required
3. They have direct contact with producers.They have direct contact with consumers.
4. Act as a link between producer and retailerAct as a link between wholesaler and consumer. 
5. Location of business is not importantLocation of business is important
6. They do not provide after sales servicesThey provide after sales services
7. They deal in large quantities of goods.They deal in small quantities of goods.

 Types of Retail Trade 

Retail trade can be classified into the following two categories on the basis of whether or not they have a fixed place of business. 

1. Itinerant Retailers 

2.Fixed shop Retailers


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