Economics · Agricultural Marketing
In an urban setting, a vegetable vendor often cannot store fresh produce for long periods and chooses to sell it quickly at very low prices. This economic phenomenon is primarily due to:
- 1Unawareness of wholesale market rules and regulations
- 2Distress sales caused by the highly perishable nature of the items✓
- 3A lack of basic sales and negotiation skills
- 4A lack of formal education to make informed market decisions
Correct answer
Distress sales caused by the highly perishable nature of the items
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