Internal trade refers to the buying and selling of goods and services within ___ borders.

A country's

What are the two main types of internal trade?

Wholesale Trade and Retail Trade

True or False: Retail trade involves selling goods in large quantities to businesses.

False. Retail trade involves selling goods directly to consumers in smaller quantities.

Wholesalers perform essential roles such as sorting, packing, and ___ goods.

Transporting

Riddle: I connect manufacturers and retailers, buying in bulk and helping goods flow. What am I?

A wholesaler

Fill in the blank: The purpose of internal trade is to distribute goods produced ___ for local consumption.

Domestically

What is the primary function of retail trade?

To sell goods directly to consumers in smaller quantities.

What are the primary services that wholesalers provide to manufacturers?

Wholesalers enable large-scale production, bear risks associated with goods, provide financial support, offer market insights, assist in distribution, ensure continuous production flow, and handle storage needs.

Wholesalers combine small orders from retailers into ___ to enhance production efficiency.

Bulk purchases

True or False: Wholesalers take on risks like theft or damage, thereby protecting retailers from these risks.

False; wholesalers protect manufacturers from these risks.

Riddle: I help manufacturers focus on production by handling distribution, and I provide insights on market trends. What am I?

A wholesaler

Fill in the blank: Wholesalers provide ___ support by paying upfront to producers, reducing their capital tied up.

Financial

How do wholesalers contribute to time utility for producers?

By storing goods in their facilities, wholesalers reduce the storage needs of producers and ensure products are available when needed.

What advantage do wholesalers offer to retailers in terms of product availability?

Wholesalers ensure that products are available when and where needed, providing time and place utility.

What are the key functions performed by retailers in the distribution process?

Retailers sell goods and services directly to consumers, manage product availability, provide customer service, and often engage in marketing activities to promote products.

Fill in the blanks: Wholesalers supply a range of products, offering ___ support, ___ facilities, and ___ knowledge to retailers.

Marketing, credit, specialized

True or False: Retailers only sell products in large quantities to consumers.

False. Retailers usually sell goods in small quantities directly to consumers.

Riddle: I help retailers keep shelves stocked, and with my support, their profits are unlocked. What am I?

A wholesaler

What advantage do retailers gain from purchasing smaller quantities from wholesalers?

Retailers minimize risks related to storage, spoilage, price drops, and demand shifts.

Fill in the blank: Retailing is the last step in the ___ process.

Distribution

What type of knowledge do wholesalers provide to retailers to help them succeed?

Wholesalers share expertise on product details, market trends, and merchandising tips.

What are two key services that retailers provide to manufacturers and wholesalers?

Retailers provide distribution support and market information.

Fill in the blank: Retailers help manufacturers by selling goods in ___ quantities.

Small