Shops in the neighbourhood
- Dairy, selling milk and related products.
- Departmental stores, selling groceries, stationery, eatables, etc.
- Pharmacies, selling medicines.
Then, Who are the sellers in a weekly market Class 7? Sellers in the weekly markets are usually small traders and businessmen who do not have adequate capital to buy or rent shops.
however, What is a neighborhood market Class 7?
Explanation – The neighbourhood markets often give goods to their regular customers on credit as their customers belong mostly to the neighbourhood. There is familiarity between the buyer and seller and thus, transactions on credit are facilitated.
How are the neighbourhood shops managed Class 7? Answer: Neighbourhood shops are generally managed by the owner with helpers. The billing is done by the owner.
Yet, How are shops in the neighbourhood useful class 7? Answer: Shops in the neighbourhood are useful in many ways. They are near our home and we can go there on any day of the week. Usually, the buyer and seller know each other and these shops also provide goods on credit.
Who is seller very short answer?
A seller is any individual or entity that offers any product, service, or financial asset for purchase.
What type of items are sold in the malls Class 7 Mcq?
All the branded and non branded are available in the malls. People can get everything at one place with affordable range.
Who is a retailer for Class 7?
Answer: A retailer is a small trader who buys goods from the wholesale trader and sells this to the consumer.
What is neighbourhood market Class 7?
Explanation – The neighbourhood markets often give goods to their regular customers on credit as their customers belong mostly to the neighbourhood. There is familiarity between the buyer and seller and thus, transactions on credit are facilitated.
How many types of markets are there class 7?
There are different kinds of markets namely; weekly market, shops, shopping complex or mall.
What are different types of markets?
The four popular types of market structures include perfect competition, oligopoly market, monopoly market, and monopolistic competition.
