Chapter 14 of 23
Revision Notes
Wholesale Trade — Revision Notes
ICSE · Class 11 · Commerce
Wholesale Trade revision notes for ICSE Class 11 Commerce: 4 topics in quick points. Part of the ICSE Class 11 Commerce syllabus.
65 questions35 flashcards5 concepts
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Key Topics to Revise
1
Meaning and Definitions of Wholesaler
- Wholesale trade means buying and selling in large quantities.
- A wholesaler buys goods in bulk from producers and sells them in small quantities to retailers.
- A wholesaler is the first link in the chain of middlemen.
2
Characteristics of Wholesale Trade
- The wholesaler buys goods from producers in bulk quantities.
- The wholesaler deals only in a few and specialised goods.
- The wholesaler sells goods to retailers in small quantities, though sometimes to big customers too.
3
Functions or Necessity of a Wholesaler
- A wholesaler is necessary because he performs several marketing functions.
- The ten functions are assembling, dispersion, grading, financing, transport facility, market survey, pricing, storing, risk bearing, and providing information.
- Assembling means collecting goods at one place from a number of manufacturers.
4
Services of Wholesalers
- Wholesalers provide services to producers, retailers, and consumers.
- Services to producers include purchase in large quantities, prompt payment, insurance of sale, better use of capital, economies of large-scale production, warehousing and marketing, advertising, help
- Wholesalers save producers from many small and repeated orders.
Get complete notes with diagrams and examples
Full NotesKey Concepts
A wholesaler is a trader whoWholesale trade means buying and sellingDifferent authors define a wholesaler asWholesale trade involves bulk purchasingA wholesaler assembles goods
Frequently Asked Questions
What are the important topics in Wholesale Trade for ICSE Class 11 Commerce?
Key topics in Wholesale Trade include Meaning and Definitions of Wholesaler, Characteristics of Wholesale Trade, Functions or Necessity of a Wholesaler, Services of Wholesalers. Study these first, then practise questions on each for Class 11 exams.
How should I revise Wholesale Trade for Class 11 exams?
Learn the core ideas first, then work through the 65 practice questions on Wholesale Trade. Revise definitions regularly and use flashcards for quick recall before the exam.
Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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