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____________ can check the price fluctuations in the market by holding back the goods when prices fall and releasing the goods when prices raise.
  • a)
    Mercantile agent
  • b)
    Agent
  • c)
    Retailer
  • d)
    Wholesaler
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
____________ can check the price fluctuations in the market by holding...
Understanding the Role of Wholesalers
Wholesalers play a crucial role in the supply chain by managing inventory and influencing market prices. Their strategies significantly impact price fluctuations.
Price Management
- Wholesalers buy goods in large quantities and hold them in stock.
- They monitor market conditions to determine the best selling times.
Market Fluctuations
- When prices fall, wholesalers may withhold goods from the market.
- By doing so, they create scarcity, which can help stabilize prices.
Releasing Goods
- Conversely, when prices rise, wholesalers release their held stock.
- This action can help meet increased demand and prevent excessive price hikes.
Conclusion
Wholesalers effectively manage price fluctuations by strategically controlling the availability of goods. Their ability to hold back stock during low prices and release it during high prices makes them vital players in the market, ensuring price stability and supply efficiency.
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Read the following passage and answer the questions that follow:The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing index numbers of wholesale price in India for the month of June, 2020 (Provisional) and for the month of April, 2020 (Final).In view of the limited transactions of products in the wholesale market in the month of April, 2020, due to spread of Covid-19 pandemic, it has been decided to release the Price Movement of selected Subgroups/Groups of WPI.Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.Q. The wholesale price index is created with reference to the ..................... received from institutional sources.

Read the following passage and answer the questions that follow:The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing index numbers of wholesale price in India for the month of June, 2020 (Provisional) and for the month of April, 2020 (Final).In view of the limited transactions of products in the wholesale market in the month of April, 2020, due to spread of Covid-19 pandemic, it has been decided to release the Price Movement of selected Subgroups/Groups of WPI.Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.Q. Which index number is being prepared by the office of Economic Adviser, Department for Promotion of Industry and Internal Trade?

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____________ can check the price fluctuations in the market by holding back the goods when prices fall and releasing the goods when prices raise.a)Mercantile agentb)Agentc)Retailerd)WholesalerCorrect answer is option 'D'. Can you explain this answer?
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