Consider the following statements regarding retailers:
i. Retailers provide credit to the consumers
ii. Retailers understands needs and buying habits of consumers
iii. Retailers buy large carload lots and break the bulk into smaller units
iv. Retailers make the products available to the ultimate consumersWhich statement is incorrect?

Question

Quizplus · Accepted Answer

Retailers typically do not buy large carload lots; this is more characteristic of wholesalers. Retailers usually purchase smaller quantities to sell directly to consumers.

Consider the Following Statements Regarding Retailers