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Who is responsible for holding back the goods when prices of a product fall and then selling the products when the prices rise?
4. Who is responsible for holding back the goods when prices of a product fall and then selling the products when the prices rise?
- Retailer
- Wholesaler
- Manufacturer
- Agent
Answer: B) Wholesaler
Explanation:
The wholesaler keeps an eye on price fluctuations and then hold back the goods when the prices are down thus creating a huge demand and eventually releasing them in the market when the prices rise.