Name: Branded and Non-branded Markets in Urban Areas
Uploaded: 2019-07-19
Duration: 3 min 31 s
Description: In this video, we will learn about urban markets, the types of goods sold there, and the importance of advertisements in promoting sales.

Question

Discuss the chain of markets through which the product reaches the final buyer. Make a flowchart to depict the process.

Accepted Answer

Considering the chain of markets, the wholesale traders, first purchases the items produced in factories. They then collect the goods in bulk from the factory or farm and stores them in their godowns. In markets referred to as wholesale markets, there are wholesale traders for all goods who sell their wares to other traders.

In the wholesale market, goods are sold in large quantities to traders, often known as retailers, who purchase them to resell at their own stores, which may be neighbourhood shops or weekly-store complexes. The ultimate buyer buys the items from the retailer.

The flowchart showing the chain of markets of products is as follows:

Discuss the chain of markets through which the product reaches the final buyer. Make a flowchart to depict the process.

Important Questions on Markets Around Us

Learn and Prepare for any exam you want !