Match each trade classification in Column A with its correct operational description in Column B.
- Wholesale TradeBuying merchandise in bulk from manufacturers and selling in smaller quantities to distributors or shopkeepers.
- Retail TradeSelling items in small units directly to final consumers for personal consumption.
- Entrepôt TradeImporting commodities from one foreign country for the purpose of re-exporting them to another nation.
- Export TradeSelling goods and services produced within the home country to buyers in foreign markets.
Answer
Wholesale Trade matches with buying merchandise in bulk from manufacturers and selling in smaller quantities to distributors; Retail Trade matches with selling items in small units directly to final consumers; Entrepôt Trade matches with importing commodities from one foreign country to re-export them to another nation; Export Trade matches with selling goods produced locally to buyers in foreign markets.
Each trade classification correctly pairs with its fundamental commercial role: Wholesale trade deals in bulk distribution to retailers; Retail trade supplies the final consumer directly; Entrepôt trade handles re-exported transit goods; and Export trade sells domestic products abroad.
Step-by-Step Solution
Key Concept
Classification of Trade into Home Trade (Wholesale, Retail) and Foreign Trade (Import, Export, Entrepôt)