Which business activity is concerned with the sale of goods directly to the consumers ?
Answer & explanation
Correct answer: option 1
The correct answer is option 1: Retail Trading
Retail trading is the business activity that involves selling goods directly to the final consumers in small quantities for personal use. Retailers act as the link between wholesalers/producers and consumers.
Other Options:
Wholesale Trading: Incorrect. Wholesalers generally sell goods in large quantities to retailers, not directly to consumers.
Manufacturing industry: Incorrect. Manufacturing industries produce goods but are not primarily concerned with selling them directly to consumers.