What are functions of Retailers?

1.	What are functions of Retailers?
Answer» 1. Buying : A retailer buys a wide variety of goods from different wholesalers after estimating customer’s demand. 2. Storage : A retailer maintains a ready stock of goods and displays them in the shop. 3. Selling : The retailer sells the goods in small quantities according to the demand taste and preference of consumers. 4. Grading and Packing : The retailer grades the goods which are not graded by manufacturers and wholesalers. 5. Risk – bearing : A retailer always keeps stock of goods in anticipation of demand and bears the risk of loss due to fire, theft, spoilage, price fluctuations, etc. 6. Transportation : Retailers often carry goods from manufacturers to their retail outlets. 7. Financing : Some retailers grant credit facilities to his customers and provide the facility of return or exchange of goods.

Answer»

1. Buying : A retailer buys a wide variety of goods from different wholesalers after estimating customer’s demand.

2. Storage : A retailer maintains a ready stock of goods and displays them in the shop.

3. Selling : The retailer sells the goods in small quantities according to the demand taste and preference of consumers.

4. Grading and Packing : The retailer grades the goods which are not graded by manufacturers and wholesalers.

5. Risk – bearing : A retailer always keeps stock of goods in anticipation of demand and bears the risk of loss due to fire, theft, spoilage, price fluctuations, etc.

6. Transportation : Retailers often carry goods from manufacturers to their retail outlets.

7. Financing : Some retailers grant credit facilities to his customers and provide the facility of return or exchange of goods.

Discussion

No Comment Found

Related InterviewSolutions

What were the two main occupations of the Rig Vedic Aryans?
Name the two political institutions which exercised check on the powers of the King in the Rig Vedic period.
What w’as the position of women in the Rig Vedic age ?
Describe the social life of the Rig Vedic Aryans with reference to the following: (a) The Family Structure (b) Position of Women (c) Varna System
With reference to the following explain the main features of the Rig Vedic Economy: (a) Agriculture (b) Domestication of Animals (c) Trade Transactions, Crafts and Transportation
Mention any two archaeological sources to reconstruct the later Vedic Age.
Mention any two of the Ashrams in the life of a man in Aryan society.
What information do we gather from the later Vedic literature in respect of: (a) Spread of Vedic Civilization to many New Regions. (b) Role of Iron in later Vedic Economy.
Mention briefly the rituals and sacrifices of the later Vedic Aryans?
What is the message of the Bhagavad Gita?