NCERT · Class 11 · Business Studies · Internal TradeWho acts as a vital link between the manufacturer and the retailer?
Step-by-Step Solution
Wholesalers act as a vital link between the producers/manufacturers and the retailers by bridging the gap of production and distribution.
Detailed Options Breakdown
Option : Consumer
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Internal Trade.
Option 1: Wholesaler (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Importer
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Internal Trade.
Option 3: Exporter
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Internal Trade.
💡 Study Guide: This question tests core syllabus concepts from Internal Trade. For formulas, key summaries, and mock exam reference guides, read the full Internal Trade Revision Notes.