Question
Point out the four features of a wholesaler.

Answer

Four features of wholesale trade are as follows:
i. The wholesale deals in one or few items of goods.
ii. Wholesaler requires a large amount of capital to be invested in the business.
iii. Wholesaler buys goods from the manufacturer in large scale.
iv. Wholesaler sells the goods to retailers as per their requirement.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

What are the services offered by retailers to wholesalers and consumers?
www.olx.in, www.quicker.com etc are examples of websites used to conduct business. Dipti’s sofa set got spoiled in rain. Her friend suggested that she should change the fabric so that it looks new and put it for sale on www.olx.com Dipti followed her friend’s advice and got her sofa repaired so that it looks better and uploaded nicely clicked pictures on www.olx.com in without disclosing the fact that it was damaged from inside. She found a customer and sold it for Rs. 9,000. After one week the buyer found the real state of sofa set and called Dipti but she did not answer any of the call.
(i) Name the type of business in above case.
(ii) Which values did Dipti ignore while selling her sofa set ?
(iii) Explain two advantages and disadvantages of e-commerce
Discuss the features of equity shares as a source of finance.
Identify the type of partner highlighted in the following situations:
(a) Partners who take actual part in carrying out business of the firm on behalf of other partners.
(b) Partners whose association is not known to the general public.
(c) The partner liable to outsiders for the debts given to the firm if it is given because of the belief that the he is a partner in the firm.
(d) The partner who accepts by his words or conduct that he is a partner in the firm.
The National Thermal Power Corporation (NTPC) will undertake the project to clean up the surroundings of Charminar. Better lighting will be provided at the monument which attracts of thousands of visitors every day. Financial and technical support will be provided by NTPC. No specific amount has been decided yet. Company's top level officials will draw up a plan that will bring glory to the monument.
In the first phase, Oil and Natural Gas Corporation and Neyveli Lignite Corporation India Limited were named sponsors to develop Tirumala Tirupati Devasthanams. The objective of the national consultation was to review the work done in phases and develop an action plan for the other new sites.
On the basis of the given information about National Thermal Power Corporation, answer the following questions:
(a) What benefits will the business derive by doing above mentioned work.
(b) Identify the value which is reflected from the working of NTPC.
Explain the meaning of mate’s receipt.
What is the role of Karta in a Joint Hindu Family business?
XYZ Ltd., a manufacturing firm, decided to set a plant in some backward districts of Odisha with investment of $₹ 30$ lakhs. The company planned to optimally utilise the local resources so as to provide best quality products in the market. It has employed the local people who belong to the schedule caste and schedule tribes. It has also planned to open dispensary for the local people to gain reputation.
Identify and explain the role performed by small business as highlighted in the case. Also quote lines from the case reflecting these points.
Discuss the merits and demerits of Departmental Undertaking.
Explain the merits and demerits of public-private partnership.