1.

Define the following term: 1. Producer2 .Buyer3 .Trader4 . Wholesaler5 .Retailer6 . Consumer7 . Credit8 . Occupation9 . Firm

Answer»
  1. Producer : A person, a company or a country that grows or makes food, goods or materials. 
  2. Buyer : A person whose job is to choose goods that will be sold in a large shop.
  3. Trader : A person who boys and sells.
  4. Wholesaler : A person or company that sells goods in large quantities to other companies or people.
  5. Retailer : A person or business that sells goods to the public. 
  6. Consumer : A person who buys goods or uses services. 
  7. Credit : An arrangement that you make, with a shop, to pay later for. 
  8. Occupation : A job or profession. 
  9. Firm : A business or company.


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