Classify the markets on the basis of their sales.

1.	Classify the markets on the basis of their sales.
Answer» On the basis of sales, the markets are classified as follows: (a) Retail MarketThe market in which a small quantity of goods is sold to consumers is called Retail Market. Example: Grocery shop of the locality, sweet shop and clothes shop, etc. (b) Wholesale MarketIn this market, the sale of goods is done in large quantities. In this market, wholesalers sell goods to the retailer. Example: Textile market, Drug market, etc.

Answer»

On the basis of sales, the markets are classified as follows:

(a) Retail MarketThe market in which a small quantity of goods is sold to consumers is called Retail Market.
Example: Grocery shop of the locality, sweet shop and clothes shop, etc.

(b) Wholesale MarketIn this market, the sale of goods is done in large quantities. In this market, wholesalers sell goods to the retailer.
Example: Textile market, Drug market, etc.

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Classify the markets on the basis of their sales.

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