Internal Trade

____________ refers to the buying and selling of goods and services within the boundaries of a nation.

_______________ involves the purchase and sale of goods in large quantities for the purpose of resale or intermediate use.

Which of the following is NOT a characteristic of internal trade?

• Involves buying and selling within a country

• Requires customs duties and import taxes

• Can be classified into wholesale and retail trade

• Contributes to economic growth

Which of the following is NOT a function of a wholesaler?

• Buying goods in bulk

• Selling goods in small quantities

• Manufacturing products

• Providing credit facilities to retailers

Why are wholesalers important in the distribution process?

• They reduce the cost of production

• They eliminate the need for retailers

• They connect producers to a large number of buyers

• They set the prices of goods