Question

Mention the services rendered by retail traders.

Answer 1

The retail traders render services to the consumers. They are:

1. They are the last connecting link in the distribution of goods.

2. The supply variety of goods produced by different producers to the consumers.

3. They store the goods to meet the demand of the consumers, they take the risk of loss in business or loss of goods.

4. They grade the goods and supply according to the consumers taste.

5. They provide credit facilities to the consumers.

6. Give more information about the newly available goods.