Markets Around Us - Weekly Markets; Chain Of Markets

Why should the wholesale trader buy the stocks from the producers; why not the retailers?

• The Constitution of India says so.

• Retailers are not able to access the producers.

• The producers wouldn't be interested in selling small quantities to the retailers.

• All of the above

Why is a weekly market called so?

• It is held on the specific day of the week.

• They are held daily.

• They are held once in a month

• None of the above

In general, the people who buy stocks from the producers and then supply it to the consumers are called_______

• Contractors

• Retailers

• Traders

• None of the above

The town wholesale trader directly buys the stocks from the producers.

• True

• False

Why are goods cheaper in weekly markets?

A) They don't pay extra fee for any other reason.

B) They sell low quality goods.

C) To get many consumers to buy from their shops.

• Only B)

• Both A) and C)

• Both C) and B)

• All of the above.

What do you understand by 'Chain of Market'?

• Markets linked together where products are passed until it reaches the consumers

• Markets buying others market products.

• The process of selling products to one another directly.

• All of the above

The trader who finally sells the products to consumers is called __________

• Wholesale Trader

• Retailer

• Producer

• None of the above

Weekly Markets have temporary shops.

• True

• False