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Retailer: Definition, Functions, Types & Features

The retailer is that person who sells goods in smaller quantities or units to the final consumers. He is the last link in the chain of distribution. He is therefore the middleman between the wholesalerand the consumer.

StudyHQ January 21, 2022

Economics

Trade Disputes: Definition, Types, Functions & Settlement

A trade dispute refers to any discontentment or dissatisfaction arising out of anything connected with the organization that any employee thinks or believes or feels is unfair, unjust or unequitable.

StudyHQ January 21, 2022

Economics

Public Enterprises: Definition, Features, Merits & Demerits

Public enterprises are business organizations that came into existence through appropriate enabling Acts of Parliament, or Decrees or Edicts in a particular country or state. They may be commercially-oriented or public service-oriented.

StudyHQ January 21, 2022

Economics

Wholesaler: Definition, Functions, Types, Merits & Demerits

The wholesaler is that person who obtains goods from the manufacturer in bulk and sells to the retailer in smaller quantities. He is therefore a vital link between the manufacturer and the retailer in the chain of distribution that is, he is the middleman.

StudyHQ January 18, 2022

Economics

Partnership: Definition, Features, Merits & Demerits

A partnership exists when two to twenty persons having similar economic interests come together to set up a business purposely to make profits. This fonn of business organization is very common.

StudyHQ January 16, 2022