Answered

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Why are local wholesale markets popular among retailers and small businesses?

A. They provide an opportunity to sell products directly to consumers.
B. They offer a limited range of products at competitive prices.
C. They offer a wide range of products.
D. They offer products at very high prices.

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Final answer:

Local wholesale markets are popular for offering a wide range of products, competitive prices, and the ability to adjust inventory freely.


Explanation:

Local wholesale markets are popular among retailers and small businesses for several reasons. They offer a wide range of products to choose from, allowing retailers to find different items to stock their stores. Additionally, these markets often provide competitive prices, enabling businesses to purchase products at lower costs, which can then be sold to consumers at a profit. Lastly, the opportunity to enter and exit the market freely allows businesses to adjust their inventory based on demand, reducing the risk of holding onto unsold goods.


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