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MCQs · Q5

Q.A retailer is best described as a trader who:
(A) Buys goods in bulk from a manufacturer and sells in smaller bulk lots to other traders
(B) Buys goods, generally from a wholesaler, and sells them in small units directly to the individual consumer for personal use
(C) Buys and sells goods only across international borders
(D) Manufactures goods and sells them directly without any middleman

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A retailer is the final link in the distribution chain: they buy goods, generally from a wholesaler (occasionally directly from a manufacturer), and sell them in small units directly to the individual consumer, for that consumer's own personal or household use.

Option-by-option analysis:

  • (A) Incorrect — buying and reselling in bulk to other traders describes a wholesaler, not a retailer.
  • (B) Correct — this is exactly the definition of a retailer. …

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