Which of the following constitute wholesale trading ?
1.Small business.
2.Intermediary merchants
3.Supply houses
4.Retail stores
Answer & explanation
Correct answer: option 2
The correct answer is Option 2: Only 2 and 3
Wholesale trading refers to the buying and selling of goods in large quantities, usually between producers and retailers. Intermediary merchants and supply houses are important components of wholesale trade.
NCERT: Wholesale trading constitutes bulk business through numerous intermediary merchants and supply houses and not through retail stores.